Financial Files

The Panic of 1819

Braden Starck

In this episode, Braden continues the series on financial panics with the Panic of 1819,  the first extended, multi-year crisis in the young nation's history. He talks about how the War of 1812 changed the US economy, how the chartering of the Second Bank of the US contributed to the crisis, and the effects of such a devastating nationwide panic. He breaks apart the US into its three key geographic groups: the North, South, and West, and discusses how each of these groups felt about and were affected by the Panic. Hope you enjoy!