Chapter 9-pgs 286-292

Chapter 9-pgs 286-292 - A.P. US Mods 6/7/8 Notes for pgs....

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A.P. US Artem Kholodenko Mods 6/7/8 0109 Notes for pgs. 286 – 292
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The Panic of 1819 Lack of Exports Excessive Paper Money   Printing Land Prices Fall US Bank Blamed and Tariffs   Rise The Transportation   Revolution: Steamboats,   Canals, and Railroads Waterways Take Shape - In 1819 the land boom collapsed, and farmers were shown how  dependent they are on foreign trade and loose credit - The US factories weren’t part of the economical boom, because  after the war, Britain unloaded a large amount of their textile  products at very cheap prices, and people could by these  products because of bank credit - Between 1815 – 1819, US imported more than exported, and  after 1817, the demand for US crops went down due to bumper  crop in Europe and a business recession in Britain, while US  farmers were dependent on these purchases to pay off loans -
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This note was uploaded on 04/30/2010 for the course BIOLOGY BIOLOGy taught by Professor Hued during the Spring '10 term at Eastern Oregon.

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Chapter 9-pgs 286-292 - A.P. US Mods 6/7/8 Notes for pgs....

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