The War of 1812 and the Panic of 1819: The Unholy Alliance between Government and Banking

Tags: Central Banks, Money and Banks, U.S. History, War and Foreign Policy

03/03/2024 Joshua Mawhorter

When governments go to war, the nation’s monetary system usually descends into the pit of inflation. The War of 1812 was no exception, and its monetary excesses led to the Panic of 1819.

Original Article: The War of 1812 and the Panic of 1819: The Unholy Alliance between Government and Banking

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