1 Jan 1819 Jahr - The panic of 1819

Beschreibung:

Was the first financial panic and crash for the United States during peacetime. It was caused by the lack of trade with other countries and the ineffectiveness for American banks. This is significant because it influenced the shift in the United States economy from one dependent on European countries to one that is more independent. This in turn created manufactoring needs and expanded the economy in general.

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