Sep. 1833-6: Andrew Jackson messes w/ intl. trade, esp. hurts 2nd Bank of the US & the 7 sisters (Brit Banking houses)
July 1836: Bank of England raises the Bank rate & cuts off the 7 sisters
1837: Depression of 1837
see: Nation of Deadbeats, ch 11
Sep. 1833-6: Andrew Jackson messes w/ intl. trade, esp. hurts 2nd Bank of the US & the 7 sisters (Brit Banking houses)
July 1836: Bank of England raises the Bank rate & cuts off the 7 sisters
1837: Depression of 1837
see: Nation of Deadbeats, ch 11
Mar. 1817: Congress passes *huge* tariffs
May 1817: Britain makes counter-tariffs
Dec 1818: US wheat loses Caribbean mkt, prices drop 50%
Mar 1819: Depression of 1819
#wakeup #history #tariff
See, Nation of Deadbeats, ch. 4 or www.jstor.org/stable/27105...
Mar. 1817: Congress passes *huge* tariffs
May 1817: Britain makes counter-tariffs
Dec 1818: US wheat loses Caribbean mkt, prices drop 50%
Mar 1819: Depression of 1819
#wakeup #history #tariff
See, Nation of Deadbeats, ch. 4 or www.jstor.org/stable/27105...
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m.guancha.cn/ScottReynold...
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