New York

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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The Social Debate

The debate surrounding the Constitution was as much a political and governmental debate as it was a social debate. The individuals who debated the Constitution, both for and against the Constitution, focused on the social aspect, making the disagreement “fundamentally one between aristocracy and democracy.” Gordon Wood, The Creation of the American Republic: 1776-1787, 485.

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