America’s First Great Depression by Alasdair Roberts

VINTAGESTAN BOOKS
Title:  America’s First Great Depression by Alasdair Roberts
Summary: For 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.

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 questioned whether American politicians could make the unpopular decisions needed on spending and taxing. State and local officials struggled to put down riots and rebellion. A few wondered whether this was the end of America's democratic experiment.

Roberts explains how the country's woes were complicated by its dependence on foreign trade and investment, particularly with Britain. Aware of the contemporary relevance of this story, Roberts examines how the country responded to the political and cultural aftershocks of 1837, transforming its political institutions to strike a new balance between liberty and social order, and uneasily coming to terms with its place in the global economy.
Author: Alasdair Roberts
Publisher: Cornell University Press. Ithaca and London
Year Published: 2012
Edition: 1st Edition
Dimensions: 24cm x 16cm 
Binding type: Hardcover
ISBN: 9780801450334
Notes: 
SKU: VSS / 261 / G / 7016 / 5360
Condition 
Dust Jacket Condition: Very good. Handling marks, marks
Book condition: Very good. Handling marks, marks
Binding: Intact
Pages: 255 pages
 
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