Joan E Cashin
- Published in print:
- 1992
- Published Online:
- October 2011
- ISBN:
- 9780195053449
- eISBN:
- 9780199853861
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780195053449.003.0005
- Subject:
- History, American History: 19th Century
The life in the new settlement offered different opportunities for planter men, women, and the slaves. Planter men who had been able to withstand the challenges of the Southwest wished to break free ...
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The life in the new settlement offered different opportunities for planter men, women, and the slaves. Planter men who had been able to withstand the challenges of the Southwest wished to break free from their families, while the women toiled to preserve their blood ties amidst the distance of the land. In this chapter changes in the family structure and its reconstitution are discussed. The challenge for women and the slaves to keep bonds proved to be harder in the Southwest where good roads and railroad lines were lacking, including the forbidding terrain. Also, the great depression experienced in the Southwest during the Panic of 1837 is discussed in this chapter wherein the kinship, reciprocity, and economic independence of the planter family were again recognized by the new settlers as a primary source of success.Less
The life in the new settlement offered different opportunities for planter men, women, and the slaves. Planter men who had been able to withstand the challenges of the Southwest wished to break free from their families, while the women toiled to preserve their blood ties amidst the distance of the land. In this chapter changes in the family structure and its reconstitution are discussed. The challenge for women and the slaves to keep bonds proved to be harder in the Southwest where good roads and railroad lines were lacking, including the forbidding terrain. Also, the great depression experienced in the Southwest during the Panic of 1837 is discussed in this chapter wherein the kinship, reciprocity, and economic independence of the planter family were again recognized by the new settlers as a primary source of success.
Alasdair Roberts
- Published in print:
- 2012
- Published Online:
- August 2016
- ISBN:
- 9780801450334
- eISBN:
- 9780801464201
- Item type:
- book
- Publisher:
- Cornell University Press
- DOI:
- 10.7591/cornell/9780801450334.001.0001
- Subject:
- History, American History: 19th Century
For a while, it seemed impossible to lose money on real estate. But then the bubble burst. The financial sector was paralyzed and the economy contracted. State and federal governments struggled to ...
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For a while, it seemed impossible to lose money on real estate. But then the bubble burst. The financial sector was paralyzed and the economy contracted. State and federal governments struggled to pay their domestic and foreign creditors. Washington was incapable of decisive action. The country seethed with political and social unrest. This book describes how the United States dealt with the economic and political crisis that followed the Panic of 1837. As the book shows, the two decades that preceded the Panic had marked a democratic surge in the United States. However, the nation’s commitment to democracy was tested severely during this crisis. Foreign lenders questioned whether American politicians could make the unpopular decisions needed on spending and taxing. State and local officials struggled to put down riots and rebellion. A few wondered whether this was the end of America’s democratic experiment. The book explains how the country’s woes were complicated by its dependence on foreign trade and investment, particularly with Britain. Aware of the contemporary relevance of this story, the book examines how the country responded to the political and cultural aftershocks of 1837, transforming its political institutions to strike a new balance between liberty and social order, and uneasily coming to terms with its place in the global economy.Less
For a while, it seemed impossible to lose money on real estate. But then the bubble burst. The financial sector was paralyzed and the economy contracted. State and federal governments struggled to pay their domestic and foreign creditors. Washington was incapable of decisive action. The country seethed with political and social unrest. This book describes how the United States dealt with the economic and political crisis that followed the Panic of 1837. As the book shows, the two decades that preceded the Panic had marked a democratic surge in the United States. However, the nation’s commitment to democracy was tested severely during this crisis. Foreign lenders questioned whether American politicians could make the unpopular decisions needed on spending and taxing. State and local officials struggled to put down riots and rebellion. A few wondered whether this was the end of America’s democratic experiment. The book explains how the country’s woes were complicated by its dependence on foreign trade and investment, particularly with Britain. Aware of the contemporary relevance of this story, the book examines how the country responded to the political and cultural aftershocks of 1837, transforming its political institutions to strike a new balance between liberty and social order, and uneasily coming to terms with its place in the global economy.
Charles R. Geisst
- Published in print:
- 1999
- Published Online:
- November 2003
- ISBN:
- 9780195130867
- eISBN:
- 9780199871155
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0195130863.003.0002
- Subject:
- Economics and Finance, Economic History, Financial Economics
The development of the NYSE from an outdoor market to the major marketplace in the country. The first major scandal after independence in NY; the role of private individuals in financing the war of ...
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The development of the NYSE from an outdoor market to the major marketplace in the country. The first major scandal after independence in NY; the role of private individuals in financing the war of 1812; raising cash for canals and turnpikes; and the role of individual traders, mostly in New York, in giving the exchanges a reputation as gambling dens rather than serious places to raise money.Less
The development of the NYSE from an outdoor market to the major marketplace in the country. The first major scandal after independence in NY; the role of private individuals in financing the war of 1812; raising cash for canals and turnpikes; and the role of individual traders, mostly in New York, in giving the exchanges a reputation as gambling dens rather than serious places to raise money.
Alasdair Roberts
- Published in print:
- 2014
- Published Online:
- May 2015
- ISBN:
- 9780197265734
- eISBN:
- 9780191771941
- Item type:
- chapter
- Publisher:
- British Academy
- DOI:
- 10.5871/bacad/9780197265734.003.0003
- Subject:
- Political Science, Political Economy
In 1836–39, the United States suffered a financial sector collapse that plunged the nation into a severe economic depression. The revenues of state and federal governments evaporated, prompting ...
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In 1836–39, the United States suffered a financial sector collapse that plunged the nation into a severe economic depression. The revenues of state and federal governments evaporated, prompting legislators at both levels to undertake an extraordinary project of fiscal squeeze. By 1842, one-third of American states were in default on British loans. Meanwhile, the decline of federal revenues heightened partisanship and legislative gridlock in Washington. Strategies of managing fiscal squeeze shifted substantially during the crisis. By its end, many states had resumed payments on their debts, developed new methods of collecting taxes, and adopted constitutional changes restricting deficit financing. Meanwhile, federal politicians completed a painful renegotiation of federal tax policies and adopted a more pragmatic attitude about debt financing of federal expenditures. The effect of the crisis was to produce a transformation in the American constitutional order whose effects are still obvious today.Less
In 1836–39, the United States suffered a financial sector collapse that plunged the nation into a severe economic depression. The revenues of state and federal governments evaporated, prompting legislators at both levels to undertake an extraordinary project of fiscal squeeze. By 1842, one-third of American states were in default on British loans. Meanwhile, the decline of federal revenues heightened partisanship and legislative gridlock in Washington. Strategies of managing fiscal squeeze shifted substantially during the crisis. By its end, many states had resumed payments on their debts, developed new methods of collecting taxes, and adopted constitutional changes restricting deficit financing. Meanwhile, federal politicians completed a painful renegotiation of federal tax policies and adopted a more pragmatic attitude about debt financing of federal expenditures. The effect of the crisis was to produce a transformation in the American constitutional order whose effects are still obvious today.
Philip F. Gura
- Published in print:
- 2015
- Published Online:
- January 2016
- ISBN:
- 9781469619989
- eISBN:
- 9781469623207
- Item type:
- chapter
- Publisher:
- University of North Carolina Press
- DOI:
- 10.5149/northcarolina/9781469619989.003.0007
- Subject:
- History, Latin American History
This chapter focuses on William Apess's life as a lecturer in lower Manhattan, the working-class section of New York City, during the period 1837–9. Buoyed by the Mashpee Indians' success before the ...
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This chapter focuses on William Apess's life as a lecturer in lower Manhattan, the working-class section of New York City, during the period 1837–9. Buoyed by the Mashpee Indians' success before the Massachusetts legislature, Apess now chose the rostrum rather than the pulpit from which to sound his message about Native Americans. His frequent and ostensible topic was their history and rights. Before discussing Apess's lecturing activities in New York after he left Mashpee, this chapter provides a background on the Reverend Peter Williams Jr., an African American leader of the Episcopal Church who was also active in the American Anti-Slavery Society and played a central role in the life of the city's African Americans. It also considers Apess's disappearance from the scene, which may well have been related to the widespread social and economic dislocation caused by the Panic of 1837.Less
This chapter focuses on William Apess's life as a lecturer in lower Manhattan, the working-class section of New York City, during the period 1837–9. Buoyed by the Mashpee Indians' success before the Massachusetts legislature, Apess now chose the rostrum rather than the pulpit from which to sound his message about Native Americans. His frequent and ostensible topic was their history and rights. Before discussing Apess's lecturing activities in New York after he left Mashpee, this chapter provides a background on the Reverend Peter Williams Jr., an African American leader of the Episcopal Church who was also active in the American Anti-Slavery Society and played a central role in the life of the city's African Americans. It also considers Apess's disappearance from the scene, which may well have been related to the widespread social and economic dislocation caused by the Panic of 1837.
Kenneth Cohen
- Published in print:
- 2017
- Published Online:
- September 2018
- ISBN:
- 9781501705496
- eISBN:
- 9781501714214
- Item type:
- chapter
- Publisher:
- Cornell University Press
- DOI:
- 10.7591/cornell/9781501705496.003.0006
- Subject:
- History, American History: 19th Century
The political and financial potential of a commercialized sporting culture led to an explosion of sporting businesses in the antebellum period. Competition, along with a contraction caused by the ...
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The political and financial potential of a commercialized sporting culture led to an explosion of sporting businesses in the antebellum period. Competition, along with a contraction caused by the Panic of 1837, led investors and professionals to reorganize the sporting industry yet again in the 1840s and 1850s. By re-establishing distinctively genteel, middling, and rough sporting spaces (after they had gotten muddled by the democratic accessibility introduced in the early national period), the backers and managers of sporting events specialized their enterprises and transformed sporting culture into the country’s earliest version of mass culture – a set of specialized, standardized, accessible, anonymous, commercial experiences intended to sell democracy to white men irrespective of their wealth or ethnicity.Less
The political and financial potential of a commercialized sporting culture led to an explosion of sporting businesses in the antebellum period. Competition, along with a contraction caused by the Panic of 1837, led investors and professionals to reorganize the sporting industry yet again in the 1840s and 1850s. By re-establishing distinctively genteel, middling, and rough sporting spaces (after they had gotten muddled by the democratic accessibility introduced in the early national period), the backers and managers of sporting events specialized their enterprises and transformed sporting culture into the country’s earliest version of mass culture – a set of specialized, standardized, accessible, anonymous, commercial experiences intended to sell democracy to white men irrespective of their wealth or ethnicity.
Nancy E. Davis
- Published in print:
- 2019
- Published Online:
- May 2019
- ISBN:
- 9780190645236
- eISBN:
- 9780190937270
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/oso/9780190645236.003.0010
- Subject:
- History, American History: 19th Century, Cultural History
Returning to New York City in 1836, Afong Moy’s sales functions fully ended and her manager, Henry Hannington, employed her solely as an oriental object in his New York diorama and panorama ...
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Returning to New York City in 1836, Afong Moy’s sales functions fully ended and her manager, Henry Hannington, employed her solely as an oriental object in his New York diorama and panorama entertainments. After the Panic of 1837, Hannington’s operations collapsed. Those who brought her to America, Nathaniel and Francis Carnes and Captain Benjamin Obear, appear to have abandoned her despite their promise of returning her to China. In 1838, as Chapter 9 relates, Afong Moy, without resources or financial support, entered a poorhouse in Monmouth, New Jersey. Yet, the public did not forget her. Rallying to her defense, newspapers across the nation ran articles decrying her treatment. Citizens forced her guardians to come forward and contribute to her support.Less
Returning to New York City in 1836, Afong Moy’s sales functions fully ended and her manager, Henry Hannington, employed her solely as an oriental object in his New York diorama and panorama entertainments. After the Panic of 1837, Hannington’s operations collapsed. Those who brought her to America, Nathaniel and Francis Carnes and Captain Benjamin Obear, appear to have abandoned her despite their promise of returning her to China. In 1838, as Chapter 9 relates, Afong Moy, without resources or financial support, entered a poorhouse in Monmouth, New Jersey. Yet, the public did not forget her. Rallying to her defense, newspapers across the nation ran articles decrying her treatment. Citizens forced her guardians to come forward and contribute to her support.
