THE PANIC OF 1819 Reactions and Policies phần 8 potx

... 181 7- 18, and the extent to which the reaction against the bank stemmed from hard money views. Leon M. Schur, The Second Bank of the United States and the Inflation after the War of 181 2,” The ... Legislature, Journal of the House, 181 9- 20 (January 28, 182 0), p. 413; Journal of the Senate, 181 9- 20 (January 28, 182 0), pp. 219-20. 28 Duane Report;...

Ngày tải lên: 09/08/2014, 19:22

... in the fall of 181 8 to $12 million in January, 181 9, and to $10 million by January, 182 0. Of this amount, notes outstanding of the Bank fell from a peak of $10 million in early 181 8, to $8. 5 ... the Bank of the United States was forced to call a halt to its expansion and launch a painful process of contraction. Beginning in the summer of 181 8, the Ba...

Ngày tải lên: 09/08/2014, 19:22

... the 183 4- 38 cycle and not earlier. 82 On the other hand, as the greatest and last major crisis before 183 6, the panic of 181 9 holds considerable interest for the study of business cycles and ... Assembly, Journal of the House, 181 8-19 (October 10, 181 8, November 6, 181 8, November 10, 181 8), pp. 143 ff., 167. 37 The bill passed by a vote of 87 t...

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... to 4 in the Senate, and again the voting cut across sectional lines in every county. 85 During the course of relief agitation in the summer and fall of 182 1, the bulk of the Missouri press ... support the relief program. The opposition branded the relief laws as the work of selfish groups of “spendthrifts” and “big speculators” working their influenc...

Ngày tải lên: 09/08/2014, 19:22

... History of Banking, pp. 87 , 115. 25 On 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 ... 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...

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... leading issue of the legislative session of the fall of 182 1 was the loan office system. The expansionists and relief forces were eager to enlarge the scope of the loan office. The reliefers ... rather a division of opinion within every area and county. As the loan office swung into action in the summer and fall of 182 1, the proponents were hopeful...

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... 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, ... million in notes, and the hopes of its proponents were high. At the opening of the October, 182 1, session of the legislature, Governor Adair hai...

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... 181 8), 58- 59. 49 Pennsylvania Legislature, Journal of the House, 181 8-19 (January 5, 181 9) , p. 1 38; ibid. (February 1, 181 9) , p. 345. 50 Pennsylvania Legislature, Journal of the Senate, 181 9- 20 ... 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....

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... be one of the leaders in the free banking movement of the late 182 0s. One of the most impressive aspects of the discussions about the depression was the high intellectual level of the debate, ... protection. Typical was the petition of the Society of Paper Makers of Pennsylvania and Delaware. They pointed to the extent of paper manufacture and...

Ngày tải lên: 09/08/2014, 19:22

... Barker's Appeal to the Public. New York, 181 9. Presbyterian Church of the U.S.A. Extracts of the Minutes of the General Assembly, 181 9. Philadelphia, 181 9. Raleigh Star and North Carolina ... H. Everts and Co., 188 4. Schur, Leon M. The Second Bank of the United States and the Inflation After the War of 181 2,” The Journal of Political Econ...

Ngày tải lên: 09/08/2014, 19:22