12 ore 43 min, 7 feb 1819 anni - Panic of 1819
Descrizione:
due to over speculation
resumed trade with europe
rapid western settlement
many loans to purchase land
- banks printed more money
demand for american products went down
demand for land plummeted
loans lasted shorter
people couldn't repay banks and were declared bankrupt
unemployment rose
Aggiunto al nastro di tempo:
Data:
12 ore 43 min, 7 feb 1819 anni
Adesso
~ 205 years ago