Description

""The Panic of 1819: Reactions and Policies"" by Murray N. Rothbard is a comprehensive analysis of the economic crisis that occurred in the United States in 1819. The book explores the causes of the panic, including the expansion of credit and the overproduction of goods, and the subsequent reactions and policies that were implemented by the government and financial institutions to combat the crisis.Rothbard delves into the various economic theories and debates that were prevalent during this time period, including the role of government intervention in the economy and the efficacy of a free-market system. He also examines the impact of the panic on different sectors of society, such as farmers, merchants, and laborers, and how they responded to the crisis.Throughout the book, Rothbard provides detailed historical analysis and draws on primary sources to support his arguments. He also offers a critical assessment of the policies that were implemented in response to the panic, arguing that they ultimately prolonged the economic downturn and stifled growth.Overall, ""The Panic of 1819: Reactions and Policies"" is a valuable resource for anyone interested in the history of American economics and the impact of financial crises on society.Columbia Studies In The Social Sciences, No. 605.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.