George Washington
At the end of his second term, Washington retired for personal and political reasons, fatigued and disgusted with personal attacks, and to assure a truly contested presidential election could be held. He did not feel bound to a two-term limit, but his retirement ultimately set precedent. The two-term limit to the presidency was formalized with the 1951 adoption of the Twenty-second Amendment to the United States Constitution. Washington is often credited with setting the principal of a two-term presidency, but it was Thomas Jefferson who first refused to run for a third term on political grounds.
Legacy of George Washington
Lee's words set the standard by which Washington's overwhelming reputation was impressed upon the American memory. Washington set many precedents for the national government and the presidency in particular. In 1951 the unwritten two-term limit set by Washington would become the 22nd Amendment to the Constitution. He also set constitutional precedent by being the first president to use the Presidential Veto.