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Date Posted: 20:40:03 10/06/02 Sun
Author: BiG BeTh
Subject: Ch-8 Panic of 1819

Panic of 1819
A. The Monroe Administration had little time for it to show is diplomatic successes
1. The nation was falling victim to serious economic crisis
a. A high demand, for American farm goods that was high prices for the American farmers.
b. Land boom in the western United States
B. National banks began tighten credit.
1. Caused a financial panic, everywhere, mostly in the west
2. The bank was the most burring political issues
a. Six years of depression fallowed
C. Boom and Bust.
D. American saw it and the widespread distress that followed as a warning that rapid economic growth and territorial explanation would destabilize the nation and threaten it s survival
a. They more focus on encourage and control the growth, later on

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