Panic of 1819

Panic of 1819 - Panic of 1819 - The Panic of 1819 was a...

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Unformatted text preview: Panic of 1819 - The Panic of 1819 was a financial catastrophe brought about by injudicious budgeting in the midst of the War of 1812. It was the first of several major panics that hobbled the volatile American economy in the nineteenth century. Quebec Act - The Quebec Act of 1774, classed as one of the Intolerable Acts by the American colonials who reacted against it, extended the borders of the Quebec territory well into the Great Lakes region. This land, which was also simultaneously claimed by the Commonwealths of Massachusetts and Virginia as well as several native tribes, was the focus of intermittent fighting throughout the RevolutionaryWar, eventually reverting to the control of the newly- established United States. Revolutionary War - The Revolutionary War was fought between 1775 and 1782, beginning with the first shots fired at the Battles of Lexington and Concord and ending...
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