THE PANIC OF 1819 Reactions and Policies phần 9 pdf

... Say, and other European economists. Part of the credit, however, may well be assigned to the controversies over economic policy that the Panic of 18 19 had brought into sharp focus. The Panic of ... import duties. They could not sell the goods they imported because of the “scarcity of money and the stagnation of business.” Therefore, to acquire the m...

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... directors of the Bank. 26 Control over the branches of the Bank was negligible, and the southern and western branches greatly expanded their credits and note issues. The officers of the Baltimore ... increase in the number of post offices and miles of post roads. Letters carried declined from a peak of 9. 6 million in 18 19 to 8.5 million in 1821. Wes...

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... “Austrian” vs. the underconsumptionist theory of the crisis, both of which were to come to the fore in the depression of the 193 0s. For the underconsumptionists stressed the cause of the crisis ... practices of the dark ages to the “progress of reason” and the advancement of the science of political economy in the seventeenth and eighteenth cen...

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... Maryland Gazette, June 3, 18 19. 99 Extracts from the Minutes of the General Assembly of the Presbyterian Church of the United States of America, 18 19 (Philadelphia, 18 19) , pp. 171-72. The Convention ... 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...

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... disapproval of the Knoxville Register. 104 It declared that the people were 99 For example, the Bank of the State of Tennessee and the Nashville Bank. 100 Tennessee General Assembly, Journal of the ... to accept at par the notes of the state’s leading bank -the Bank of Kentucky -and a mandatory three-month stay even if the creditor accepted the n...

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... and in Nashville, and there had become a 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 ... Savannah 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...

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... favor of the Bank of the United States, some of them receipts of the government land office. 138 Representatives of the leading banks of Kentucky met at Frankfort on May 17, 18 19, and pledged ... leading issue of the legislative session of the fall of 1821 was the loan office system. The expansionists and relief forces were eager to enlarge the...

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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, ... increase or decrease in the quantity of the circulating medium. The debtor and creditor should then receive, on repayment of the debt, money of t...

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... Journal of the House, 18 19- 20 (December 7, 18 19) , pp. 9- 15. 68 Washington (D.C.) National lntelligencer, February 8, 18 19. 69 Niles' Weekly Register, XVII (October 30 ,18 19) , 1 39. PROTECTIVE ... public statements of their affairs and prohibiting them from declaring dividends during the period of suspension. 55 In the spring of 18 19, Pennsylvani...

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... Barker's Appeal to the Public. New York, 18 19. Presbyterian Church of the U.S.A. Extracts of the Minutes of the General Assembly, 18 19. Philadelphia, 18 19. Raleigh Star and North Carolina ... Laws. 18 19- 20. - Journal of the Senate. 18 19- 21. Richardson, James D., ed. A Compilation of the Messages and Papers of the Presidents. Vol. II....

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