THE PANIC OF 1819 Reactions and Policies phần 2 ppsx

... Thomas, and King and Walker of Alabama. THE PANIC AND ITS GENESIS 21 President Monroe ignored the panic completely and hailed the abundant harvest and the flourishing of commerce.84 In the ... to its lands in the Northwest. 12 On January 30, 1 821 . Ibid., p. 25 1. 13 Ibid., pp. 21 4 -22 . 14 Eaton was a lawyer, landowner, and land speculator, and an intimate associate of Andrew Jackson, ... and prices, and a great burden of debt. The responsibility for the debtors’ plight was therefore that of the banks, and not of the debtors themselves. Miller laid blame on the state banks and...

THE PANIC OF 1819 Reactions and Policies phần 1 pdf

... and Prospect of the Western Country, April 21 , 1 820 ,” in “A New Englander’s Impressions of Cincinnati in 1 820 -Letters by William Greene,” THE PANIC OF 1819 Reactions and Policies ... Passed by the Congress of the United States of America (Boston: Wells and Lilly, 1 827 ), II and III, passim. 34 See the data compiled from the records of the General Land Office, in Smith and Cole, ... 8 THE PANIC AND ITS GENESIS $10 million, and the loans were particularly heavy to the important Philadelphia and Baltimore officers and directors of the Bank. 26 Control over the branches of...

THE PANIC OF 1819 Reactions and Policies phần 3 doc

... in cotton prices and its influx of immigrants. Alabama was the major center of speculation in public land purchases. Of the $22 million of public land debt outstanding in 1 820 half was located ... investigate the extent, causes, and remedies of the distress. Its report will be considered further. Its text is in Pennsylvania Legislature, Journal of the Senate, 1819- 20 (January 29 , 1 820 ), pp. 22 1-36, ... Slaughter and a director of the Bank of Kentucky, became the leading opponent of the debtors’ relief program. 124 Kentucky General Assembly, Journal of the House of Representatives, 1819 (December...

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... branch of the Bank of the United States. As a result of its previous expansion and 16 Report on the Joint Committee of the Planters’ Bank and the Bank of the State of Georgia, June 21 , 1 820 , ... personal friend of Andrew Jackson. The leading force on behalf of the state bank was the Vincennes Sentinel, the editor of which was an officer of the bank. The “aristocrats” of the Vincennes ... the report of Stephen Elliott, appointed head of the Bank of the State of South Carolina, criticizing the action of the Bank of the United States, and the allegedly resulting scarcity of money,...

THE PANIC OF 1819 Reactions and Policies phần 5 pptx

... As the loan office swung into action in the summer and fall of 1 821 , the proponents were hopeful of success. Most of the papers in the state had supported the bill, and they declared that the ... leading issue of the legislative session of the fall of 1 821 was the loan office system. The expansionists and relief forces were eager to enlarge the scope of the loan office. The reliefers ... Grundy,” p. 22 ; Tennessee General Assembly, Journal of the House of Representatives, 1819 (September 20 , 1819) , p. 22 . 117 Tennessee General Assembly, Journal of the House of Representatives, 1819, ...

THE PANIC OF 1819 Reactions and Policies phần 6 pot

... passed the Senate by a vote of 22 to 15.156 The establishment of the Bank of the Commonwealth was a measure of the dissatisfaction of the expansionist forces with the semi-private Bank of Kentucky, ... Journal of the Senate, 1 820 (November 21 , 1 820 ), pp. 109- 12; (November 22 , 1 820 ), pp. 116 ff. 157 Kentucky General Assembly, Journal of the House of Representatives, 1 821 (October 16, 1 821 ), ... million in notes, and the hopes of its proponents were high. At the opening of the October, 1 821 , session of the legislature, Governor Adair hailed the Bank of the Commonwealth and attributed...

THE PANIC OF 1819 Reactions and Policies phần 7 pdf

... is there to control the power of the national bank?”14 The most famous and one of the most thoroughgoing opponents of bank credit was Thomas Jefferson. Jefferson reacted to the panic of 1819 ... Journal of the House of Representatives, 1819 (February 3, 1819) . Only one of the legislators voted for both compulsory resumption and the relief proposals. 20 Ibid., 1 820 (January 29 , 1 820 ), ... curbs on the issue of bank notes or requiring banks to redeem in specie. They grew out of the grave problem of the defaulting and suspending banks, and of the widespread depreciation of their...

THE PANIC OF 1819 Reactions and Policies phần 8 potx

... January 21 ,1819, and report of the Joint Committee on Domestic Manufacture of the Ohio Legislature; Ohio Legislature, Journal of the House of Representatives, 1819- 20 (January 24 ), pp. 25 2-53. 21 ... Eiselen, The Rise, pp. 46 ff. 26 Kehl, Ill Feeling, pp. 79, 189. 27 Pennsylvania Legislature, Journal of the House, 1819- 20 (January 28 , 1 820 ), p. 413; Journal of the Senate, 1819- 20 (January 28 , ... To Carey, the condition of the United States was empirical evidence of the evils of nonprotection and the alleged adoption of the pernicious maxims of Adam Smith, while France and other European...

THE PANIC OF 1819 Reactions and Policies phần 9 pdf

... be one of the leaders in the free banking movement of the late 1 820 s. One of the most impressive aspects of the discussions about the depression was the high intellectual level of the debate, ... discount their bills at the banks. After the merchants paid the bank notes into the Treasury in payment of their debts, the Treasury deposited the notes in the Bank of the United States, thereby ... protection. Typical was the petition of the Society of Paper Makers of Pennsylvania and Delaware. They pointed to the extent of paper manufacture and the number employed In the industry, and advocated...

THE PANIC OF 1819 Reactions and Policies phần 10 ppt

... of the House. 1818 -20 . - Laws. 1819- 20 . - Journal of the Senate. 1819- 21 . Richardson, James D., ed. A Compilation of the Messages and Papers of the Presidents. Vol. II. New York, Bureau of ... Official Journal of the Proceedings of the House of Representatives. 1819. Maryland General Assembly. Votes and Proceedings of the House of Delegates. 1 820 -21 . Massachusetts, Department of ... 41. 22 Boston, The Christian Disciple and Theological Review (1 822 ), p. 157. 23 Reprinted in the Boston New England Palladium, September 1, 1 820 . 24 William A. Sullivan, “A Decade of Labor...

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