1. The Era Of Good Feelings: An Era Of Idealism Or Realism?
... a financial panic swept across the country. The growth in trade that followed the War of 1812 came to an abrupt halt. Unemployment mounted, banks failed, mortgages were foreclosed, and agricultural prices fell by half. Investment in western lands collapsed. For the first time in American history, the problem of urban poverty commanded public attention. In New York in 1819, the Society for ... land purchases, and the closing of many factories due to foreign competition. By 1823 the panic was over. But it left a lasting imprint on American politics. The panic led to demands for the democr...
- Word Count: 4131
- Approx Pages: 17
- Has Bibliography
- Grade Level: Undergraduate