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George Washington, the first US president, set a non-binding precedent that was followed from 1787 to 1940.

Washington was the first to refuse a third term, thereby accepting a precedent that was followed by all until FDR broke it, although Grant let it be known that he would accept a draft for a third term and Wilson hinted that he might go for a third term before he had his stroke. Teddy Roosevelt left after his first 7 years as President (1901-1909), but regretted it. In 1912, he ran for president again in his newly formed Bull Moose party, against his fellow Republican and successor, William Howard Taft.

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