| 
  • If you are citizen of an European Union member nation, you may not use this service unless you are at least 16 years old.

  • You already know Dokkio is an AI-powered assistant to organize & manage your digital files & messages. Very soon, Dokkio will support Outlook as well as One Drive. Check it out today!

View
 

The Panic of 1819

Page history last edited by Mr. Hengsterman 4 years, 7 months ago

 

Reading on the Panic of 1819

 

 

 

CAUSES

#1 Over speculation of frontier lands by Banks (especially BUS)


#2 Inflation from war of 1812 + economic drop-off = vulnerable economy

 

#3 Deficit trade in balance with Britain

 

#4 BUS forced wildcat western banks to foreclose on western farms

 

RESULTS
Western farmers viewed banks as a evil financial monster

Hard hit poor classes looking for more representative government (beginnings of Jacksonian democracy) 

Attention drawn to the inhumanity of debtors prisons

 

 

 

 

 

http://study.com/academy/lesson/panic-of-1819-summary-causes.html

 

https://www.wm.edu/news/stories/2011/great-recession-lets-call-it-the-panic-of-2008-123.php

 

 

Comments (0)

You don't have permission to comment on this page.