Early Republic

The Panic of 1839

Not long after the Panic of 1837 had set in and gripped America’s economy, a second shock came: the Panic of 1839.

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Patronage and Prosperity

Amos Kendall was a journalist and a staunch supporter of President Andrew Jackson. In return for his support, he was one of President Jackson’s closest advisors, save Martin Van Buren. Kendall even “formulated the rationale for the spoils system as ‘rotation in office’ and ghostwrote the Bank Veto Message as well as several of Jackson’s […]

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