HIST 127 Lecture Notes - Lecture 15: Iese Business School, Universal Manhood Suffrage, Corrupt Bargain
Document Summary
British fi(cid:374)ally go(cid:374)e surge of populatio(cid:374) i(cid:374) north west. Ja(cid:272)kso(cid:374)"s (cid:448)i(cid:272)tories gai(cid:374)ed i(cid:373)(cid:373)e(cid:374)se la(cid:374)ds i(cid:374) the outh. Pent up demand for american goods in europe. Us cheapest and largest producers of them. Prices of these commodities skyrocket in 1815. Banks played a huge role in extreme speculation. Most la(cid:374)d (cid:449)as pur(cid:272)hased o(cid:374) (cid:272)redit pro(cid:448)ided (cid:271)y the (cid:271)a(cid:374)ks. Indicator that pretty soon wheat prices and corn prices were going to plunge. Bank of us was on the verge of bankruptcy. Landon sheaves saved the 2nd bank of us. Called in all loans due to the bank. Panic of 1819 first major fi(cid:374)a(cid:374)(cid:272)ial pa(cid:374)i(cid:272) (cid:894)first depressio(cid:374) i(cid:374) a(cid:373)eri(cid:272)a(cid:374) history(cid:895) Political consequence: polarize attitudes of easterners towards westerners and vice versa. Westerners saw east as source of vindictive, greedy bankers. East suspi(cid:272)ious of wester(cid:374) far(cid:373)ers as (cid:272)heats a(cid:374)d those (cid:449)ho (cid:272)ould(cid:374)"t (cid:271)e trusted to live up to obligations. Admission of missouri as a slave state question.
