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"The Panic of 1819: The First Great Depression " Topic


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291 hits since 19 Feb 2019
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Tango01 Supporting Member of TMP19 Feb 2019 9:41 p.m. PST

"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."

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Amicalement
Armand

Fitzovich20 Feb 2019 7:54 a.m. PST

Thanks for posting.

Tango01 Supporting Member of TMP20 Feb 2019 11:21 a.m. PST

No mention my friend…

Amicalement
Armand

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