Download or read book The Many Panics of 1837 written by Jessica M. Lepler and published by Cambridge University Press. This book was released on 2013-09-23 with total page 357 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reveals how people transformed their experiences of financial crisis into a single event that would serve as a turning point in American history.
Download or read book The Many Panics of 1837 written by Jessica M. Lepler and published by Cambridge University Press. This book was released on 2013-09-16 with total page 357 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the spring of 1837, people panicked as financial and economic uncertainty spread within and between New York, New Orleans and London. Although the period of panic would dramatically influence political, cultural and social history, those who panicked sought to erase from history their experiences of one of America's worst early financial crises. The Many Panics of 1837 reconstructs this period in order to make arguments about the national boundaries of history, the role of information in the economy, the personal and local nature of national and international events, the origins and dissemination of economic ideas, and most importantly, what actually happened in 1837. This riveting transatlantic cultural history, based on archival research on two continents, reveals how people transformed their experiences of financial crisis into the 'Panic of 1837', a single event that would serve as a turning point in American history and an early inspiration for business cycle theory.
Download or read book America s First Great Depression written by Alasdair Roberts and published by Cornell University Press. This book was released on 2012-04-15 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt: For a while, it seemed impossible to lose money on real estate. But then the bubble burst. The financial sector was paralyzed and the economy contracted. State and federal governments struggled to pay their domestic and foreign creditors. Washington was incapable of decisive action. The country seethed with political and social unrest. In America's First Great Depression, Alasdair Roberts describes how the United States dealt with the economic and political crisis that followed the Panic of 1837. As Roberts shows, the two decades that preceded the Panic had marked a democratic surge in the United States. However, the nation’s commitment to democracy was tested severely during this crisis. Foreign lenders questioned whether American politicians could make the unpopular decisions needed on spending and taxing. State and local officials struggled to put down riots and rebellion. A few wondered whether this was the end of America’s democratic experiment. Roberts explains how the country’s woes were complicated by its dependence on foreign trade and investment, particularly with Britain. Aware of the contemporary relevance of this story, Roberts examines how the country responded to the political and cultural aftershocks of 1837, transforming its political institutions to strike a new balance between liberty and social order, and uneasily coming to terms with its place in the global economy.
Download or read book Panic of 1819 Reactions and Policies The written by Murray Newton Rothbard and published by Ludwig von Mises Institute. This book was released on 2007 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A Brief History of Panics and Their Periodical Occurrence in the United States written by Clément Juglar and published by . This book was released on 1897 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Panics of 1837 written by John Edwards Russell and published by . This book was released on 1896 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Jacksonian Economy written by Peter Temin and published by W. W. Norton. This book was released on 1969 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: A critical examination of the economic depression of the 1830's, arguing, that forces beyond Jackson's control were responsible for the crises
Download or read book Panics of 1837 and 1857 written by Russell John E. and published by . This book was released on 1901 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Other People s Money written by Sharon Ann Murphy and published by JHU Press. This book was released on 2017-03-15 with total page 207 pages. Available in PDF, EPUB and Kindle. Book excerpt: How the contentious world of nineteenth-century banking shaped the United States. Pieces of paper that claimed to be good for two dollars upon redemption at a distant bank. Foreign coins that fluctuated in value from town to town. Stock certificates issued by turnpike or canal companies—worth something . . . or perhaps nothing. IOUs from farmers or tradesmen, passed around by people who could not know the person who first issued them. Money and banking in antebellum America offered a glaring example of free-market capitalism run amok—unregulated, exuberant, and heading pell-mell toward the next “panic” of burst bubbles and hard times. In Other People’s Money, Sharon Ann Murphy explains how banking and money worked before the federal government, spurred by the chaos of the Civil War, created the national system of US paper currency. Murphy traces the evolution of banking in America from the founding of the nation, when politicians debated the constitutionality of chartering a national bank, to Andrew Jackson’s role in the Bank War of the early 1830s, to the problems of financing a large-scale war. She reveals how, ultimately, the monetary and banking structures that emerged from the Civil War also provided the basis for our modern financial system, from its formation under the Federal Reserve in 1913 to the present. Touching on the significant role that numerous historical figures played in shaping American banking—including Alexander Hamilton, James Madison, Benjamin Franklin, Henry Clay, Daniel Webster, and Louis Brandeis—Other People’s Money is an engaging guide to the heated political fights that surrounded banking in early America as well as to the economic causes and consequences of the financial system that emerged from the turmoil. By helping readers understand the financial history of this period and the way banking shaped the society in which ordinary Americans lived and worked, this book broadens and deepens our knowledge of the Early American Republic.
Download or read book A Nation of Deadbeats written by Scott Reynolds Nelson and published by Vintage. This book was released on 2013-06-04 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt: Pundits will argue that the 2008 financial crisis was the first crash in American history driven by consumer debt. But in this spirited, highly engaging account, Scott Reynolds Nelson demonstrates that consumer debt has underpinned almost every major financial panic in the nation’s history. From William Duer’s attempts to profit off the country’s post-Revolutionary War debt to an 1815 plan to sell English coats to Americans on credit, to the debt-fueled railroad expansion that precipitated the 1857 crash: in each case, the chain of banks, brokers, moneylenders, and insurance companies that separated borrowers and lenders made it impossible to distinguish good loans from bad. Bound up in this history are stories of national banks funded by smugglers, fistfights in Congress over the gold standard, America’s early dependence on British bankers, and how presidential campaigns were forged in controversies over private debt. An irreverent, wholly accessible, eye-opening book.
Download or read book The Panic of 1819 written by Andrew H. Browning and published by University of Missouri Press. This book was released on 2019-04-01 with total page 451 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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, with the result that we continue to ignore its lessons—and repeat its mistakes.
Download or read book The Panics of 1837 and 1857 written by John Edwards Russell and published by . This book was released on 1896 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Fragile by Design written by Charles W. Calomiris and published by Princeton University Press. This book was released on 2015-08-04 with total page 584 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why stable banking systems are so rare Why are banking systems unstable in so many countries—but not in others? The United States has had twelve systemic banking crises since 1840, while Canada has had none. The banking systems of Mexico and Brazil have not only been crisis prone but have provided miniscule amounts of credit to business enterprises and households. Analyzing the political and banking history of the United Kingdom, the United States, Canada, Mexico, and Brazil through several centuries, Fragile by Design demonstrates that chronic banking crises and scarce credit are not accidents. Calomiris and Haber combine political history and economics to examine how coalitions of politicians, bankers, and other interest groups form, why they endure, and how they generate policies that determine who gets to be a banker, who has access to credit, and who pays for bank bailouts and rescues. Fragile by Design is a revealing exploration of the ways that politics inevitably intrudes into bank regulation.
Download or read book Banking Panics of the Gilded Age written by Elmus Wicker and published by Cambridge University Press. This book was released on 2006-03-30 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the first major study of post-Civil War banking panics in almost a century. The author has constructed for the first time estimates of bank closures and their incidence in each of the five separate banking disturbances. The author also reevaluates the role of the New York Clearing House in forestalling several panics and explains why it failed to do so in 1893 and 1907, concluding that structural defects of the National Banking Act were not the primary cause of the panics.
Download or read book Panic of 1837 ELL written by and published by . This book was released on 2009 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Capitalism Takes Command written by Michael Zakim and published by University of Chicago Press. This book was released on 2012-02 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: Most scholarship on nineteenth-century America’s transformation into a market society has focused on consumption, romanticized visions of workers, and analysis of firms and factories. Building on but moving past these studies, Capitalism Takes Command presents a history of family farming, general incorporation laws, mortgage payments, inheritance practices, office systems, and risk management—an inventory of the means by which capitalism became America’s new revolutionary tradition. This multidisciplinary collection of essays argues not only that capitalism reached far beyond the purview of the economy, but also that the revolution was not confined to the destruction of an agrarian past. As business ceaselessly revised its own practices, a new demographic of private bankers, insurance brokers, investors in securities, and start-up manufacturers, among many others, assumed center stage, displacing older elites and forms of property. Explaining how capital became an “ism” and how business became a political philosophy, Capitalism Takes Command brings the economy back into American social and cultural history.
Download or read book Transatlantic Speculations written by Hannah Catherine Davies and published by Columbia University Press. This book was released on 2018-11-20 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: The year 1873 was one of financial crisis. A boom in railway construction had spurred a bull market—but when the boom turned to bust, transatlantic panic quickly became a worldwide economic downturn. In Transatlantic Speculations, Hannah Catherine Davies offers a new lens on the panics of 1873 and nineteenth-century globalization by exploring the ways in which contemporaries experienced a tumultuous period that profoundly challenged notions of economic and moral order. Considering the financial crises of 1873 from the vantage points of Berlin, New York, and Vienna, Davies maps what she calls the dual “transatlantic speculations” of the 1870s: the financial speculation that led to these panics as well as the interpretative speculations that sprouted in their wake. Drawing on a wide variety of sources—including investment manuals, credit reports, business correspondence, newspapers, and legal treatises—she analyzes how investors were prompted to put their money into faraway enterprises, how journalists and bankers created and spread financial information and disinformation, how her subjects made and experienced financial flows, and how responses ranged from policy reform to anti-Semitic conspiracy theories when these flows suddenly were interrupted. Davies goes beyond national frames of analysis to explore international economic entanglement, using the panics’ interconnectedness to shed light on contemporary notions of the world economy. Blending cultural, intellectual, and legal history, Transatlantic Speculations gives vital transnational and comparative perspective on a crucial moment for financial markets, globalization, and capitalism.
