America's first Great Depression [electronic resource] : economic crisis and political disorder after the Panic of 1837 / Alasdair Roberts.
2012
HB3717 1837 .R63 2012eb
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Details
Title
America's first Great Depression [electronic resource] : economic crisis and political disorder after the Panic of 1837 / Alasdair Roberts.
ISBN
9780801464201 (electronic book)
0801450330
9780801450334
0801450330
9780801450334
Publication Details
Ithaca : Cornell University Press, 2012.
Language
English
Description
1 online resource (255 p.) : ill., maps.
Call Number
HB3717 1837 .R63 2012eb
Dewey Decimal Classification
330.973/057
Summary
Roberts examines the financial, political, and social upheavals that occurred in the United States in the decade following the Panic of 1837, which he calls the First Great Depression. The years leading up to the panic, he says, were a time of boom marked by geographic expansion, the near elimination of the national debt, states borrowing large sums for improvement projects, and land values that appeared to be rising without end. He explains that the panic caused a deep economic depression that resulted in loan defaults by nine states, federal gridlock, a breakdown of law and order, a loss of faith in banks, and a slow recovery for the U.S. economy, which came back only after the Mexican War. Parallels to the country's current economic recession are clear throughout the text, and Roberts makes explicit comparisons in his conclusion.
Bibliography, etc. Note
Includes bibliographical references and index.
Access Note
Access limited to authorized users.
Source of Description
Description based on print version record.
Available in Other Form
America's first Great Depression.
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Table of Contents
Boom and bust
The states' crisis
The federal government's crisis
Law and order
The end of the crisis.
The states' crisis
The federal government's crisis
Law and order
The end of the crisis.