The Panic of 1819: The First Great Depression

Book Name: The Panic of 1819: The First Great Depression
Author: Andrew H. Browning
Publisher: University of Missouri Press
ISBN-10: 0826221831,9780826221834
Year: 2019
Pages: 444
Language: English
File size: 8 MB
File format: PDF

The Panic of 1819: The First Great Depression Pdf Book Description:

The Panic of 1819 tells the story of this first nationwide economic meltdown to attack the United States. More than a banking crisis or property bubble, the shadow was the culmination of an economic tide that rolled through the USA, forming prior to the War of 1812, cresting with the cotton and land flourish of 1818, also crashing as the country faced the crisis over slavery in Missouri. The Panic introduced Americans to the new phenomenon of bust and boom, changed the nation’s attitudes towards riches and poverty, resisted the political movement which became Jacksonian Democracy, also helped produce the sectional split that would lead into the Civil War. Even Though It stands as one of the turning points of American history, few Americans now have heard about the Panic of 1819, yet we continue to ignore its own lessons and replicate its mistakes