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Book Details :
Published on: 1999-03-01
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Original language: English

In the autumn of 1857, sustained runs on New York banks led to a panic atmosphere that affected the American economy for the next two years. In The Panic of 1857 and the Coming of the Civil War, James L. Huston presents an exhaustive analysis of the political, social and intellectual repercussions of the Panic and shows how it exacerbated the conflict between North and South.The panic of 1857 initiated a general inquiry between free traders and protectionists into the deficiencies of American economic practices. A key aspect of this debate was the ultimate fate of the American worker, an issue that was given added emphasis by a series of labor demonstrations and strikes. In an attempt to maintain the material welfare of laborers, northerners advocated a program of high tariffs, free western lands, and education. But these proposals elicited the opposition of southerners, who believed that such policies would not serve the needs of the slaves system. Indeed, many people of the period saw the struggle between North and South as an economic one whose outcome would determine whether laborers would be free and well paid or degraded and poor.Politically, the Panic of 1857 resurrected economic issues that had characterized the Whig-Democratic party system prior to the 1850s. Southerners, observing the collapse of northern banks, believed that they could continue to govern the nation by convincing northern propertied interests that sectionalism had to be ended in order to ensure the continued profitability of intersectional trade. In short, they hoped for a marriage between the Yankee capitalist and the southern plantation owner.However, in northen states, the Panic had made the Whig program of high tariffs, a national bank, and internal improvements popular with distressed members of the community. The country's old-line Whigs and nativists were particularly affected by the state of economic affairs. When Republicans moved to adopt a portion of the old Whig program, conservatives found the attraction irresistible. By maintaining their new coalition with conservatives and by exploiting the weaknesses of the Buchanan administration, the Republicans managed to capture the presidency in 1860.No other book examines in such detail the political ramifications of the Panic of 1857. By explaining how the economic depression influenced the course of sectional debate, Huston has made an important and much-needed contribution to Civil War historiography. American Civil War facts information pictures ... Civil War Diplomacy. Kinley Brauer. The importance of diplomacy during the American Civil War has long been underestimated. Both Northerners who were committed to ... Panic of 1857 - United States American History The role of Panic of 1857 in the history of the United States of America. Panic of 1857 - Wikipedia Bibliography. Calomiris Charles W.; Schweikart Larry (1991). "The Panic of 1857: Origins Transmission and Containment". Journal of Economic History. Trigger Events of the Civil War The Civil War was the culmination of a series of confrontations concerning the institution of slavery. 1820 The Missouri Compromise Origins of the American Civil War - Wikipedia Historians debating the origins of the American Civil War focus on the reasons why seven Southern states declared their secession from the United States why they ... Bob Heffner's Civil War News Cards HomePage Civil War News 1962 trading card set from Topps Company Inc. Chapter 9: The Civil War 1861 - U.S. Army Center Of ... chapter 9 . the civil war 1861 . extracted from . american military history . army historical series office of the chief of military history. uni ted states army Causes of the Civil War - A Southern Perspective A look at the reasons the South fought the Civil War The Gathering Storm - Civil War Trust The Coming of the American Civil War. The roots of the American Civil War predate the creation of the United States with sectional rifts only deepening in the years ... APStudent.com: U.S. History for AP Students *AP is a registered trademark of the College Board Which was not involved in the production of and does not endorse this product.
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