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<ul><li>James Monroe was president </li></ul><ul><li>Occurred during the Era of Good Feelings </li></ul><ul><li>First majo...
<ul><li>Overspeculation in frontier lands </li></ul><ul><li>Second Bank of the United States shifted to more conservative ...
<ul><li>Many speculative (“wildcat”) western banks failed  </li></ul><ul><li>Widespread mortgage foreclosures </li></ul><u...
<ul><li>Congress passed legislation to provide relief from debts and abolish debtors’ prisons </li></ul><ul><li>Charitable...
<ul><li>Allowed Andrew Jackson to gain popularity among poorer classes </li></ul><ul><li>Strengthened Sectionalism between...
<ul><li>http://www.buzzle.com/articles/panic-of-1819.html </li></ul><ul><li>http://www.u-s-history.com/pages/h277.html </l...
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Panic of 1819

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Panic of 1819

  1. 2. <ul><li>James Monroe was president </li></ul><ul><li>Occurred during the Era of Good Feelings </li></ul><ul><li>First major financial crisis of United States </li></ul><ul><li>Ended in 1823 </li></ul>
  2. 3. <ul><li>Overspeculation in frontier lands </li></ul><ul><li>Second Bank of the United States shifted to more conservative policy </li></ul><ul><li>Price of cotton declined </li></ul><ul><li>Foreign competition in manufacturing </li></ul>
  3. 4. <ul><li>Many speculative (“wildcat”) western banks failed </li></ul><ul><li>Widespread mortgage foreclosures </li></ul><ul><li>Poor western families were severely hurt </li></ul><ul><li>Thousands of debtors imprisoned </li></ul><ul><li>High unemployment </li></ul><ul><li>Impaired agriculture and manufacturing </li></ul><ul><li>Price of land dropped significantly </li></ul>
  4. 5. <ul><li>Congress passed legislation to provide relief from debts and abolish debtors’ prisons </li></ul><ul><li>Charitable organizations began serving soup and distributing clothes </li></ul><ul><li>Monroe didn’t really do anything to resolve the depression </li></ul>
  5. 6. <ul><li>Allowed Andrew Jackson to gain popularity among poorer classes </li></ul><ul><li>Strengthened Sectionalism between North and South </li></ul><ul><li>Increased hostility against banks </li></ul>
  6. 7. <ul><li>http://www.buzzle.com/articles/panic-of-1819.html </li></ul><ul><li>http://www.u-s-history.com/pages/h277.html </li></ul><ul><li>http://www.digitalhistory.uh.edu/database/article_display.cfm?HHID=574 </li></ul><ul><li>Pic1: http://www.whitehouseresearch.org/assetbank-whha/action/viewAsset?id=113 </li></ul><ul><li>Pic 2: http://rap361.com/?p=5329 </li></ul><ul><li>Pic 3: http://blogs.ocfamily.com/2010/12/07/just-do-one-thing/soup-kitchen/ </li></ul><ul><li>Pic4: http://tvtropes.org/pmwiki/pmwiki.php/Main/AndrewJackson </li></ul>

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