The Panic of 1819: Reactions & Policies by Murray N. Rothbard (.ePUB)
File Size: 0.9 MB
The Panic of 1819: Reactions and Policies by Murray N. Rothbard
Requirements: .ePUB reader, 0.9MB
Overview: In The Panic of 1819: Reactions and Policies, Murray N. Rothbard delivers a detailed historical and economic analysis of America’s first major financial crisis. He examines the causes, political responses, and public debates surrounding the downturn, highlighting how government intervention often exacerbated the situation.
Key Themes or Insights
Rothbard explores the interplay between banking practices, credit expansion, and monetary policy in triggering the panic. He documents the diverse reactions—from calls for more regulation to demands for laissez-faire policies—and assesses their long-term impact on U.S. economic development.
Style and Usefulness
Meticulously researched and richly documented, the book blends economic theory with historical narrative. It serves as both a case study in early American economic policy and a broader lesson on the dangers of credit inflation and political meddling in markets.
Genre: Non-Fiction > History
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