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Marryat on the 1830s crisis and American credit
The article cites Captain Mayryat's observations from a New York diary during Jackson’s era. It notes bank suspensions, widespread failures, and severe credit shortages. It highlights Americans turning to informal money and tickets, and credits the system’s faults and resilience, arguing credit drove rapid growth despite periodic crashes.
MENTIONED IN THIS ARTICLE
Jackson
Marryat
Sea Story
America
New York Evening
Wall Street
Defoe
New York
Congress
Broadway
Fortunatus
Medusa
Captain Marryat
Tom
England
Aerica