1 Jan 1819 Jahr - Panic of 1819

Beschreibung:

The Panic of 1819 was the first major financial crisis in the United States, characterized by widespread bank failures, mortgage foreclosures, and a collapse in real estate prices and agricultural markets. Triggered by a post-war economic boom followed by a sharp contraction in credit from the Second Bank of the United States, the panic exposed weaknesses in the nation's banking system and led to significant economic hardships, affecting both urban and rural communities across the country.