Second Administration
In 1832, Santander was elected by Congress as President for a second term. This administration was quite different from the first, in that he moved away from free trade and stressed an alternate form of protectionism. He first reverted most of his original changes from Bolívar's undoing, although some were devalued somewhat. He did not close New Granada to international trade, but rather sought safety for New Granada under the auspices of industrialized nations, instead of discouraging trade with them. He set up economic contacts in eleven United States cities, hoped that by creating strong ties with them, he would promote industrial development in New Granada while avoiding the use of high tariffs, which he inherently disliked.
During his second administration, just like he did during his first administration, he ordered the execution of most of the rest of Spanish officers in still in captivity, who had been saved by Bolivar in the first round of Santander's murderous pursuit. Among them General José Sardá. They were executed in Bogotá, on July 23, 1833, in front of Santander himself.
After his term expired, he remained an important and influential political figure. He died in 1840 and was eventually considered as one of the original ideological founders of the Colombian Liberal Party, which would be formally established some eight years later.
Read more about this topic: Francisco De Paula Santander