1. What do you see as the socio-political impact of the "Panic
... a way compensated by the economic knowledge and intelligence of the articulate members of the community, including the leading statesmen. One of the chief centers of attention was the monetary system. The nation's monetary system was highly imperfect; banking on a nationwide scale was new, and the nation suffered from inconvertibility and varying rates of depreciation during the War of 1812 and elimination and ... the monetary and debtors" relief debates. Furthermore, several western governors and inflationist leaders completely changed their position after viewing the results of the inco...
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- Grade Level: Undergraduate