12 h 43 m, 7 fev 1819 ano - Panic of 1819
Descrição:
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
Adicionado na linha do tempo:
Data:
12 h 43 m, 7 fev 1819 ano
Agora
~ 205 years ago