Panic of 1819 (5 nov 1819 – 6 mars 1821)
Description:
it created turmoil in the U.S. economy; followed period of economic growth, inflation, and land speculation, which destabilized the economy. The National Bank called in its loans, but many couldn’t pay them. Because no nationally organized political opposition resulted, Monroe was easily reelected. (caused by the Second Bank of America)Ajouté au bande de temps:
Date:
5 nov 1819
6 mars 1821
~ 1 years and 4 months