Panic of 1819 (jan 1, 1819 – jan 1, 1825)
Description:
caused by overspec of land, led to a depression for 6 yrs- Bank of US (BUS) tightened credit and cut down # of loans = callin in loans and foreclosed mortgages = state banks begin to fail
Added to timeline:
Date:
jan 1, 1819
jan 1, 1825
~ 6 years