The Panic of 1819 | World History
https://worldhistory.us/american-history/the-panic-of-1819.php
WEBJul 18, 2017 · The Panic of 1819 was the first major economic crisis in U.S. history. It resulted in widespread bank failures, mortgage foreclosures, unemployment and price drops. There were many reasons for the crisis, but the primary cause was irresponsible banking practices, led by the Second Bank of the United States.
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