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nov 1, 1819 - The Panic of 1819

Description:

- The Second National Bank tried to decrease inflation by tightening the credit
- Banks closed, unemployment rose, bankruptcies
- The West was striken hard, speculation on lands
- The westerners now oposed the national bank and debtors' prisons

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ByRichard Wang
3 May 2023
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Date:

nov 1, 1819
Now
~ 206 years ago
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