Panic of 1819

The War of 1812 was a war fought between Britain and the coupled States, where the United States opposed the fact that Britain was forcing people to work on British Navy ships, blockading the European continent, and taking away galore(postnominal) rights from them (trading rights in particular). While the United States felt they were being interpreted advantage of, Britain could not understand how the U.S. would not want to situation with them against the French, and therefore took away these rights, blockaded, and impressed. By the end of the war, Canada had not been busy by the United States, Washington was burned, and the Indians in the West were comfort strong. Therefore, the war did not really help to achieve anything in truth significant.

One effect of the war (during it) was that quite a little with foreign powers was greatly reduced, and because of this, the States was forced to manufacture goods within this country. Farm goods and land locomote in price. But when the war ended and foreign imports rose, American manufacturers were facing tough competition. Another effect was that swears issuing bank notes were needed to loan money to people because of the rising prices, and when it came condemnation for them to pay back loans to the Bank of the United States, they couldnt meet its demands, so many had to close.



Therefore, combined with the new foreign trade and the monetary crisis, prices of goods and food fell drastically, and for six years there was a depression (although some tariffs were imposed to protect from foreign trade and land prices did subside for farmers).

Because of the rapid increase and then decrease in economic growth, the United States realized that anything drastic would gainsay stability. Therefore, although hurried growth was tempting, it was concluded that it would be best...

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