America's First Great Depression Economic Crisis and Political Disorder after the Panic of 1837
America's First Great Depression: Economic Crisis and Political Disorder after the Panic of 1837

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 seet...

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Bibliographische Detailangaben
1. Verfasser: Roberts, Alasdair 1961- (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Ithaca, N.Y. Cornell University Press [2012]
Schlagworte:
Geschichte 1800-1900
Geschichte
Depressions > 1836-1837
Depressions > 1847
Financial crises > United States > History > 19th century
USA
Online-Zugang:DE-859
DE-860
DE-473
DE-739
DE-1046
DE-1043
DE-858
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Zusammenfassung: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
Beschreibung:Description based on online resource; title from PDF title page (publisher's Web site, viewed Feb. 24, 2017)
Beschreibung:1 online resource
ISBN:9780801464201
DOI:10.7591/9780801464201

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