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The History of US Economics

From Plenty to Ruin


This episode is about the Panic of 1819, America's first (post-Revolutionary War) financial crisis. We pick up with the economically vibrant years following the War for Independence and learn what it takes to derail a healthy economy. We'll talk about Jefferson's Embargo, and how the government promoted dangerous banking practices through the War of 1812. Finally, we explore how those dangerous practices came to a tumultuous head in 1819 when the nation's economy collapsed.

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