America`s First Great Depression – Economic Crisis and Political Disorder after…
America's First Great DepressionEconomic Crisis and Political Disorder After the Panic of 1837\nAuthor(s): Alasdair Roberts\nFormat: Paperback\nPublisher: Cornell University Press, United States\nImprint: Cornell University Press\nISBN-13: 9780801478864, 978-0801478864\nSynopsis\nFor a while, it seemed impossible to lose money on real estate. But then the bubble burst. The financial sector was paralyzed and the economy contracted. State and federal governments struggled to pay their domestic and foreign creditors. Washington was incapable of decisive action. The country seethed with political and social unrest. In America's First Great Depression, Alasdair Roberts describes how the United States dealt with the economic and political crisis that followed the Panic of 1837.\n\n As Roberts shows, the two decades that preceded the Panic had marked a democratic surge in the United States. However, the nation's commitment to democracy was tested severely during this crisis. Foreign lenders.
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