Second Bank of the United States

The First Presidential Succession

Following William Henry Harrison’s death just a month into his presidency in 1841, John Tyler rose to the presidency, in the first instance of a president dying while holding the office. See Daniel Walker Howe, What Hath God Wrought: Transformation of America, 1815-1848, 589.

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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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