America's First Great Depression
Economic Crisis and Political Disorder After the Panic of 1837
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Narrated by:
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Kevin Young
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By:
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Alasdair Roberts
About this listen
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. In America's First Great Depression, Alasdair Roberts describes how the United States dealt with the economic and political crisis that followed the Panic of 1837.
As Roberts 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.
Roberts 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, Roberts 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.
The book is published by Cornell University Press.
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The first book to appear in the illustrious Oxford History of the United States, this critically-acclaimed volume - a finalist for the Pulitzer Prize - offers an unsurpassed history of the Revolutionary War and the birth of the American republic.
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Strong History Rich With Behind The Scenes Details
- By John on 10-06-11
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A Leap in the Dark
- The Struggle to Create the American Republic
- By: John Ferling
- Narrated by: Mark Yoshimoto Nemcoff
- Length: 23 hrs and 50 mins
- Unabridged
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It was an age of fascinating leaders and difficult choices, of grand ideas eloquently expressed and of epic conflicts bitterly fought. Now comes a brilliant portrait of the American Revolution, one that is compelling in its prose, fascinating in its details, and provocative in its fresh interpretations.
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Loved every minute!
- By Richard on 03-03-15
By: John Ferling
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The Battle of Bretton Woods
- John Maynard Keynes, Harry Dexter White, and the Making of a New World Order
- By: Benn Steil
- Narrated by: Philip Rose
- Length: 15 hrs and 53 mins
- Unabridged
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When turmoil strikes world monetary and financial markets, leaders invariably call for "a new Bretton Woods" to prevent catastrophic economic disorder and defuse political conflict. The name of the remote New Hampshire town where representatives of 44 nations gathered in July 1944, in the midst of the century's second great war, has become shorthand for enlightened globalization.
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Is this a mystery, a history or an economics book?
- By Neil on 04-23-13
By: Benn Steil
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American Colonies: The Settling of North America
- Penguin History of the United States, Book 1
- By: Alan Taylor
- Narrated by: Bob Souer
- Length: 21 hrs and 54 mins
- Unabridged
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In the first volume in the Penguin History of the United States series, edited by Eric Foner, Alan Taylor challenges the traditional story of colonial history by examining the many cultures that helped make America, from the native inhabitants from millennia past through the decades of Western colonization and conquest and across the entire continent, all the way to the Pacific coast.
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Excellent ..
- By aintbuyinit on 09-03-18
By: Alan Taylor
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The Money Makers
- How Roosevelt and Keynes Ended the Depression, Defeated Fascism, and Secured a Prosperous Peace
- By: Eric Rauchway
- Narrated by: Walter Dixon
- Length: 10 hrs and 21 mins
- Unabridged
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Shortly after arriving in the White House in early 1933, Franklin Roosevelt took the United States off the gold standard. His opponents thought his decision unwise at best and ruinous at worst. But they could not have been more wrong. With The Money Makers, Eric Rauchway tells the absorbing story of how FDR and his advisors pulled the levers of monetary policy to save the domestic economy and propel the United States to unprecedented prosperity and superpower status.
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Excellent over view and easily understandable
- By L. Ford Ballard, Jr. on 01-15-19
By: Eric Rauchway
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A History of Money and Banking in the United States: The Colonial Era to World War II
- By: Murray N. Rothbard
- Narrated by: Matthew Mezinskis
- Length: 13 hrs and 48 mins
- Unabridged
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In what is sure to become the standard account, Rothbard traces inflations, banking panics, and money meltdowns from the colonial period through the mid-20th century to show how government's systematic war on sound money is the hidden force behind nearly all major economic calamities in American history. Never has the story of money and banking been told with such rhetorical power and theoretical vigor. You will treasure this volume.
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Great facts (if selective); ideological rigidity
- By Philo on 02-04-16
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The Politically Incorrect Guide to American History
- By: Thomas E. Woods Jr.
- Narrated by: Barrett Whitener
- Length: 8 hrs and 4 mins
- Unabridged
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Everything, well, almost everything, you know about American history is wrong because most textbooks and popular history books are written by left-wing academic historians who treat their biases as fact. But fear not; Professor Thomas Woods refutes the popular myths in The Politically Incorrect Guide to American History.
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Highly recommended! Not for the faint of heart!
- By RAC on 12-12-05
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'Mr. President'
- George Washington and the Making of the Nation's Highest Office
- By: Harlow Giles Unger
- Narrated by: Robertson Dean
- Length: 6 hrs and 57 mins
- Unabridged
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Although the framers gave the president little authority, Washington knew whatever he did would set precedents for generations of his successors. To ensure their ability to defend the nation, he simply ignored the Constitution when he thought it necessary and reshaped the presidency into what James Madison called a "monarchical presidency." Modern scholars call it the "imperial presidency."
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A political genius
- By Michael on 03-28-17
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Railroaded
- The Transcontinentals and the Making of Modern America
- By: Richard White
- Narrated by: Paul Woodson
- Length: 23 hrs and 5 mins
- Unabridged
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The transcontinental railroads of the late 19th century were the first corporate behemoths. Their attempts to generate profits from proliferating debt sparked devastating panics in the US economy. Their dependence on public largess drew them into the corridors of power, initiating new forms of corruption. Their operations rearranged space and time, and remade the landscape of the West. As wheel and rail, car and coal, they opened new worlds of work and ways of life.
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Correcting the Myth of the Transcontinentals
- By Keith on 06-23-18
By: Richard White
What listeners say about America's First Great Depression
Average customer ratingsReviews - Please select the tabs below to change the source of reviews.
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- Anonymous User
- 07-05-13
Interesting Political and Economic History
I have to admit I was looking for a social history, focusing on how people responded to the depression, and this wasn't it. However, it is an interesting look at this turning point in American history. Robert's persuasively argues that this economic crisis pushed Americans to reconceive the role of state governments and their assumptions about economic growth. Most interestingly, Roberts demonstrates the complicated interrelationships between American popular belief in their destiny to expand across the continent, the military and diplomatic aspects of this expansion, and the reality that antebellum America economically depended on British investments, banks, and customers. Politicians might be guided by popular enthusiasm but they also had to contend with economic realities that might contradict the will of the people.
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2 people found this helpful
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- Timothy
- 06-10-13
Excellent Story
Any additional comments?
Very enjoyable book. The author does an excellent job of bringing together multiple threads of events that contributed to the 1837 depression in a way that tells a coherent story. The author also includes the necessary background information for the reader to place the events in an understandable context. Not really a narrative history, but a very strong analytic history of the event that doesn't sacrifice readability. The author often takes short sidetracks to add color and interest to the main story, but in a way that doesn't break the flow of the main story.
Excellent companion to read along with "Andrew Jackson: His Life and Times" by H.W. Brands. Another book that goes well with this is "Alexander Hamilton" by Ron Chernow which provides a great background to the Bank of the United States and the tension between the Jeffersonian and Hamiltonian visions of the United States.
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4 people found this helpful
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- Anonymous Reader
- 05-11-23
Misleading title
Discussed little about economic conditions causing and during the depression. More accurately titled a political history of the 1830s & 1840s. It was interesting at times. But the author clearly doesn't understand what a business cycle is or how a central bank causes malinvestments.
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