by Andrew H. Browning (Author)
About the Author
Andrew H. Browning was educated at Princeton and the University of Virginia. He has taught history in Washington, D.C., Honolulu, and Portland, Oregon.
About this book
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 1812, cresting with the land and cotton boom of 1818, and crashing just as the nation confronted the crisis over slavery in Missouri. The Panic introduced Americans to the new phenomenon of boom and bust, changed the country's attitudes towards wealth and poverty, spurred the political movement that became Jacksonian Democracy, and helped create the sectional divide that would lead to the Civil War. Although it stands as one of the turning points of American history, few Americans today have heard of the Panic of 1819, yet we continue to ignore its lessons—and repeat its mistakes.
Contents
Introduction 3
Chapter One The Legacy of Napoleon: Embargo, War, and Peace 17
Chapter Two Three Revolutions: Market, Transportation, Corporation 49
Chapter Three Volcano Weather 75
Chapter Four Alabama Fever: “I Must Go West and Plant” 103
Chapter Five Bank Expansion: “Frothy Bubbles” 127
Chapter Six Bank Contraction: “The Axe Must Be Applied to the Root of the Evil” 157
Chapter Seven Hard Times in the East: “A Long Continuation of Distress” 183
Chapter Eight Hard Times in the West: “Reflections Which Almost Unmans Me” 217
Chapter Nine Relief ? 251
Chapter Ten The Politics of Corruption and the Corruption of Politics 281
Chapter Eleven A House Dividing: The Panic of 1819 and the Growth of Sectionalism 321
Notes 361
Bibliography 395
Index 425
Series: Studies in Constitutional Democracy
Length: 444 pages
Publisher: University of Missouri (April 1, 2019)
Language: English
ISBN-10: 0826221831
ISBN-13: 978-0826221834
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