Economics

Markets, Banks, Panics, and Nineteenth-Century American Economy

ABSTRACT

This conference considered questions of liberty and responsibility as they emerged in the United States in the three most famous economic panics of the first half of the nineteenth century.

READING LIST

Conference Readings

Jacksonian Panorama. Edited by Edward Pessen. Indianapolis: Bobbs Merrill, 1976.

Brownson, Orestes, "Babylon is Falling" (a Discourse preached in Boston’s Masonic Temple to the Society for Christian Union and Progress on Sunday, May 28, 1837).

Baptist, Edward, “Toxic Debt, Liar Loans, Collateralized and Securitized Human Beings, and the Panic of 1837” In Capitalism Takes Command: The Social Transformation of Nineteenth-Century America, edited by Michael Zakim and Gary J. Kornblith, 69-92. Chicago: University of Chicago Press, 2012.

Fabian, Ann. “Speculation on Distress: The Popular Discourse of the Panics of 1837 and 1857.” Yale Journal of Criticism 3, no. 1 (1989): 127-142.

Gouge, William M. A Short History of Paper Money and Banking in the United States. New York: Augustus M. Kelley Publishers, 1833, 1968.

Hildreth, Richard. Banks, Banking, and Paper Currencies; in Three Parts. Boston: Whipple & Damrell, 1840.

Kidd, Sarah. “To be harassed by my Creditors is worse than Death: Cultural implications of the Panic of 1819.” Maryland Historical Magazine 95, no. 2 (2000): 161-182.

Larson, John Lauritz. The Market Revolution in America: Liberty, Ambition, and the Eclipse of the Common Good. New York: Cambridge University Press, 2010.

Leggett, William. Democratick Editorials: Essays in Jacksonian Political Economy. Edited by Lawrence H. White. Indianapolis: LibertyClassics, 1984.

Lepler, Jessica. The Many Panics of 1837: People, Politics, and the Creation of a Transatlantic Financial Crisis. New York: Cambridge University Press, 2013.

Parker, Joel. Moral Tendencies of Our Present Pecuniary Distress: A Discourse [May 14, 1837]. New Orleans: Printed at the Observer Office, 1837.

Rothbard, Murray N. The Panic of 1819: Reactions and Policies. Auburn: Ludwig von Mises Institute, 1962.

Rousseau, Peter L. “Jacksonian Monetary Policy, Specie Flows, and the Panic of 1837.” The Journal of Economic History 62, no. 2 (June 2002): 457-488.

Sandage, Scott A. Born Losers: A History of Failure in America. Cambridge: Harvard University Press, 2005.

Sklansky, Jeffrey, “William Leggett and the Melodrama of the Market” In Capitalism Takes Command: The Social Transformation of Nineteenth-Century America, edited by Michael Zakim and Gary J. Kornblith, 199-221. Chicago: University of Chicago Press, 2012.