Capitalism

Constitution Sunday: Isaac Backus on Religion and the State, Slavery, and Nobility

Massachusetts Ratifying Convention February 4, 1788 Some governmental systems are engines of tyranny. They may be dressed up as virtuous systems, ones that account for all members of society, but the consequences flowing from the system always speak louder than the rhetoric its leaders spout. At the Massachusetts Ratifying Convention, in February 1788, Isaac Backus […]

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The Second Great Awakening

In the 1810s and 1820s, Americans were drinking as much as seven gallons of alcohol per year per person, drinking at every meal. Daniel Walker Howe, What Hath God Wrought: Transformation of America, 1815-1848, 167. Even students at school could see their teacher inebriated while teaching, with drunkenness being commonplace throughout society. Id. This came, however, during the […]

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The Panic of 1819

America’s reliance on cotton as an economic staple presented an opportunity for prosperity and an accompanying risk. In late 1818, the value of cotton fell as supply outpaced demand and “London banks decided there was no longer a need to extend more credit.” Daniel Walker Howe, What Hath God Wrought: Transformation of America, 1815-1848, 142. Then, […]

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