The Panic of 1819' is the story of the first nation-wide economic collapse to strike the United States. It was much more than a banking panic or real estate bubble: it was the culmination of an economic wave that rolled through the United States, beginning before the War of 1812…
Introduction -- The legacy of Napoleon: embargo, war, and peace -- Three revolutions: market, transportation, corporation -- Volcano weather -- Alabama fever: "I must go West and plant"--Bank expansion: "frothy bubbles" -- Bank contraction: "the axe must be applied to the root o…
"The Panic of 1819 tells the story of the first nationwide economic collapse to strike the United States. Much more than a banking crisis or real estate bubble, the Panic was the culmination of an economic wave that rolled through the United States, forming before the War of 181…
"The Panic of 1819 tells the story of the first nationwide economic collapse to strike the United States. Much more than a banking crisis or real estate bubble, the Panic was the culmination of an economic wave that rolled through the United States, forming before the War of 181…