DVD 1. 13-14

DVD 1. 13-14 - Chapman P The Unfinished Nation Part 1...

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Chapman The Unfinished Nation Part 1, episodes 13 and 14: During the early 19 th century the U.S. economy was not in good shape. Even though the era was “the era of good feelings” things were not looking up. After the War of 1812 the U.S. owed a substantial amount of debt, and could not pay due to the strain on the banks reserve of money. Not paying only lead to an inflation of U.S. currency and eventually the recession and crisis of 1819. This recession greatly effected the establishment of new banks and the expansion of the use of bank notes. In these times, as has been in our past, the U.S. was more focused inwardly then externally (internationally). The people feared the downfall of their economy, once the boarders were secured the U.S. people felt the need to become more economically independent. Enough about the banks and how bad the economy was, quite frankly I am sick of always hearing about our poor economy. I think that in time things will level out, they always have in the past. It seems to me that there is a pattern of events from our history that keep
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DVD 1. 13-14 - Chapman P The Unfinished Nation Part 1...

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