Virginia and the Panic of 1819: The First Great Depression and the Commonwealth

Description

Argues that the Panic of 1819 was America's first experience with a modern boom-bust cycle, and most importantly, much more than a banking panic resulting from the mismanagement of the newly created second Bank of the United States and a number of state chartered banks.

'A valuable, well-documented case study of this significant period of American economic history ... an important addition to the literature.' EH.net 'Although the book concentrates on Virginia, its conclusion seems equally valid for much of the US. Well-organized chapters cover banking, business, agriculture, and poor relief, making it useful for students researching these topics.' CHOICE