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The Panic of 1819 was the first widespread and durable financial crisis in the United States that slowed westward expansion in the Cotton Belt and was followed by a general collapse of the American economy that persisted through 1821. The Panic heralded the transition of the nation from its colonial commercial status with Europe toward an ...
Andrew R. L. Cayton. The Fragmentation of "A Great Family": The Panic of 1819 and the Rise of the Middling Interest in Boston, 1818–1822. Journal of the Early Republic, Vol. 2, No. 2 (Summer, 1982), pp. 143–167; Edwin J. Perkins. Langdon Cheves and the Panic of 1819: A Reassessment.
The most perfect expression of the Era of Good Feelings was Monroe's country-wide Goodwill tour in 1817 and 1819. His visits to New England and to the Federalist stronghold of Boston, Massachusetts, in particular, were the most significant of the tour. [34] Here, the descriptive phrase "Era of Good Feelings" was bestowed by a local Federalist ...
The tariff of 1816 supplied comfortable federal surpluses from 1817 to 1819; even with the scheduled reduction in duty rates for 1819, the tariff was expected to provide sufficient revenue. [50] The Panic of 1819 caused an alarming, but temporary drop in the projected federal revenue for 1820. Manufacturers and other protectionists, as well as ...
This belied the fact that Andrew Jackson was a societal elite by any definition, owning a large plantation with dozens of slaves and mostly surrounding himself with men of wealth and property. The election saw the coming to power of Jacksonian democracy, thus marking the transition from the First Party System (which reflected Jeffersonian ...
Nicholas Biddle was born into a prominent family in Philadelphia, in the Commonwealth of Pennsylvania, [6] on January 8, 1786. [7] Ancestors of the Biddle family had immigrated to the Pennsylvania colony along with the famous Quaker proprietor, William Penn, and subsequently fought in the pre-Revolutionary colonial struggles. [8]
On September 24, 1869, a gold panic broke out in the United States, triggering a financial crisis. The panic, which became known as Black Friday , was the result of a conspiracy between two investors, Jay Gould , later joined by his partner James Fisk , and Abel Corbin , a small time speculator who had married Virginia (Jennie) Grant, the ...
1819 – Adams-Onís Treaty, including acquisition of Florida; 1819 – McCulloch v. Maryland (17 US 316 1819) prohibits state laws from infringing upon federal constitutional authority; 1819 – Dartmouth College v. Woodward (17 US 518 1819) protects principle of honoring contracts and charters; 1819 – Alabama becomes the 22nd state in the U.S.