
America's First Great Depression
Economic Crisis and Political Disorder After the Panic of 1837
Failed to add items
Add to Cart failed.
Add to Wish List failed.
Remove from wishlist failed.
Adding to library failed
Follow podcast failed
Unfollow podcast failed
$0.99/mo for the first 3 months

Buy for $13.99
No default payment method selected.
We are sorry. We are not allowed to sell this product with the selected payment method
-
Narrated by:
-
Kevin Young
-
By:
-
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.
©20112 Cornell University (P)2013 Redwood AudiobooksListeners also enjoyed...
-
The Panic of 1819
- The First Great Depression (Studies in Constitutional Democracy)
- By: Andrew H. Browning
- Narrated by: Kevin Moriarty
- Length: 17 hrs and 28 mins
- Unabridged
-
Overall
-
Performance
-
Story
The Panic of 1819 tells the story of the first nationwide economic collapse to strike the United States. Much more than a banking crisis or real estate bubble, the Panic was the culmination of an economic wave that rolled through the United States, forming before the War of 1812, cresting with the land and cotton boom of 1818, and crashing just as the nation confronted the crisis over slavery in Missouri.
-
The Bank War
- Andrew Jackson, Nicholas Biddle, and the Fight for American Finance
- By: Paul Kahan
- Narrated by: Jared Cram
- Length: 5 hrs and 38 mins
- Unabridged
-
Overall
-
Performance
-
Story
In The Bank War: Andrew Jackson, Nicholas Biddle, and the Fight for American Finance, historian Paul Kahan explores one of the most important and dramatic events in American political and economic history, from the idea of centralized banking and the First Bank of the United States to Jackson's triumph, the era of "free banking", and the creation of the Federal Reserve System. Relying on a range of primary and secondary source material, the book also shows how the Bank War was a manifestation of the debates that were sparked at the Constitutional Convention....
-
-
History brought to life!
- By ElAL on 03-17-20
By: Paul Kahan
-
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
-
Overall
-
Performance
-
Story
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.
-
-
Great facts (if selective); ideological rigidity
- By Philo on 02-04-16
-
A Man of Iron
- The Turbulent Life and Improbable Presidency of Grover Cleveland
- By: Troy Senik
- Narrated by: Pete Simonelli, Troy Senik
- Length: 12 hrs and 3 mins
- Unabridged
-
Overall
-
Performance
-
Story
Grover Cleveland’s political career—a dizzying journey that saw him rise from obscure lawyer to president of the United States in just three years—was marked by contradictions. A politician of uncharacteristic honesty and principle, he was nevertheless dogged by secrets from his personal life. A believer in limited government, he pushed presidential power to its limits to combat a crippling depression, suppress labor unrest, and resist the forces of American imperialism.
-
-
Worth the Wait!
- By Brian S Cunningham on 09-21-22
By: Troy Senik
-
The Napoleonic Wars
- By: Alexander Mikaberidze
- Narrated by: Steven Crossley
- Length: 35 hrs and 10 mins
- Unabridged
-
Overall
-
Performance
-
Story
The Napoleonic Wars saw fighting on an unprecedented scale in Europe and the Americas. It took the wealth of the British Empire, combined with the might of the continental armies, almost two decades to bring down one of the world's greatest military leaders and the empire that he had created. Napoleon's ultimate defeat was to determine the history of Europe for almost 100 years. From the frozen wastelands of Russia, through the brutal fighting in the Peninsula to the blood-soaked battlefield of Waterloo, this book tells the story of the dramatic rise and fall of the Napoleonic Empire.
-
-
No description of battles
- By John Gaston on 01-15-21
-
Ways and Means
- Lincoln and His Cabinet and the Financing of the Civil War
- By: Roger Lowenstein
- Narrated by: Kaleo Griffith
- Length: 13 hrs and 31 mins
- Unabridged
-
Overall
-
Performance
-
Story
Upon his election to the presidency, Abraham Lincoln inherited a country in crisis. Even before the Confederacy’s secession, the United States Treasury had run out of money. The government had no authority to raise taxes, no federal bank, no currency. But amid unprecedented troubles Lincoln saw opportunity—the chance to legislate in the centralizing spirit of the “more perfect union” that had first drawn him to politics.
-
-
Perspective that matters - financing the Civil War
- By Edgewater on 07-04-22
By: Roger Lowenstein
-
The Panic of 1819
- The First Great Depression (Studies in Constitutional Democracy)
- By: Andrew H. Browning
- Narrated by: Kevin Moriarty
- Length: 17 hrs and 28 mins
- Unabridged
-
Overall
-
Performance
-
Story
The Panic of 1819 tells the story of the first nationwide economic collapse to strike the United States. Much more than a banking crisis or real estate bubble, the Panic was the culmination of an economic wave that rolled through the United States, forming before the War of 1812, cresting with the land and cotton boom of 1818, and crashing just as the nation confronted the crisis over slavery in Missouri.
-
The Bank War
- Andrew Jackson, Nicholas Biddle, and the Fight for American Finance
- By: Paul Kahan
- Narrated by: Jared Cram
- Length: 5 hrs and 38 mins
- Unabridged
-
Overall
-
Performance
-
Story
In The Bank War: Andrew Jackson, Nicholas Biddle, and the Fight for American Finance, historian Paul Kahan explores one of the most important and dramatic events in American political and economic history, from the idea of centralized banking and the First Bank of the United States to Jackson's triumph, the era of "free banking", and the creation of the Federal Reserve System. Relying on a range of primary and secondary source material, the book also shows how the Bank War was a manifestation of the debates that were sparked at the Constitutional Convention....
-
-
History brought to life!
- By ElAL on 03-17-20
By: Paul Kahan
-
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
-
Overall
-
Performance
-
Story
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.
-
-
Great facts (if selective); ideological rigidity
- By Philo on 02-04-16
-
A Man of Iron
- The Turbulent Life and Improbable Presidency of Grover Cleveland
- By: Troy Senik
- Narrated by: Pete Simonelli, Troy Senik
- Length: 12 hrs and 3 mins
- Unabridged
-
Overall
-
Performance
-
Story
Grover Cleveland’s political career—a dizzying journey that saw him rise from obscure lawyer to president of the United States in just three years—was marked by contradictions. A politician of uncharacteristic honesty and principle, he was nevertheless dogged by secrets from his personal life. A believer in limited government, he pushed presidential power to its limits to combat a crippling depression, suppress labor unrest, and resist the forces of American imperialism.
-
-
Worth the Wait!
- By Brian S Cunningham on 09-21-22
By: Troy Senik
-
The Napoleonic Wars
- By: Alexander Mikaberidze
- Narrated by: Steven Crossley
- Length: 35 hrs and 10 mins
- Unabridged
-
Overall
-
Performance
-
Story
The Napoleonic Wars saw fighting on an unprecedented scale in Europe and the Americas. It took the wealth of the British Empire, combined with the might of the continental armies, almost two decades to bring down one of the world's greatest military leaders and the empire that he had created. Napoleon's ultimate defeat was to determine the history of Europe for almost 100 years. From the frozen wastelands of Russia, through the brutal fighting in the Peninsula to the blood-soaked battlefield of Waterloo, this book tells the story of the dramatic rise and fall of the Napoleonic Empire.
-
-
No description of battles
- By John Gaston on 01-15-21
-
Ways and Means
- Lincoln and His Cabinet and the Financing of the Civil War
- By: Roger Lowenstein
- Narrated by: Kaleo Griffith
- Length: 13 hrs and 31 mins
- Unabridged
-
Overall
-
Performance
-
Story
Upon his election to the presidency, Abraham Lincoln inherited a country in crisis. Even before the Confederacy’s secession, the United States Treasury had run out of money. The government had no authority to raise taxes, no federal bank, no currency. But amid unprecedented troubles Lincoln saw opportunity—the chance to legislate in the centralizing spirit of the “more perfect union” that had first drawn him to politics.
-
-
Perspective that matters - financing the Civil War
- By Edgewater on 07-04-22
By: Roger Lowenstein
-
Devil Take the Hindmost
- A History of Financial Speculation
- By: Edward Chancellor
- Narrated by: Nigel Patterson
- Length: 13 hrs and 29 mins
- Unabridged
-
Overall
-
Performance
-
Story
Devil Take the Hindmost is a lively, original, and challenging history of stock market speculation from the 17th century to the present day. Edward Chancellor traces the origins of the speculative spirit back to ancient Rome and chronicles its revival in the modern world.
-
-
Well-picked scenes span tulips up to 20 years ago
- By Philo on 03-07-19
-
The House of Morgan
- An American Banking Dynasty and the Rise of Modern Finance
- By: Ron Chernow
- Narrated by: Robertson Dean
- Length: 34 hrs and 37 mins
- Unabridged
-
Overall
-
Performance
-
Story
A gripping history of banking and the booms and busts that shaped the world on both sides of the Atlantic, The House of Morgan traces the trajectory of the J. P.Morgan empire from its obscure beginnings in Victorian London to the crash of 1987. Ron Chernow paints a fascinating portrait of the private saga of the Morgans and the rarefied world of the American and British elite in which they moved. Based on extensive interviews and access to the family and business archives, The House of Morgan is an investigative masterpiece.
-
-
The construction of the House of Morgan
- By Darwin8u on 10-22-18
By: Ron Chernow
-
The Red Flag
- A History of Communism
- By: David Priestland
- Narrated by: Paul Boehmer
- Length: 28 hrs and 50 mins
- Unabridged
-
Overall
-
Performance
-
Story
In The Red Flag, Oxford professor David Priestland tells the epic story of a movement that has taken root in dozens of countries across 200 years, from its birth after the French Revolution to its ideological maturity in 19th-century Germany to its rise to dominance (and subsequent fall) in the 20th century.
-
-
Best History of Communism I Have Seen
- By David on 06-11-15
By: David Priestland
-
Crimea
- By: Orlando Figes
- Narrated by: Malk Williams
- Length: 20 hrs and 38 mins
- Unabridged
-
Overall
-
Performance
-
Story
The terrible conflict that dominated the mid-19th century, the Crimean War, killed at least 800,000 men and pitted Russia against a formidable coalition of Britain, France and the Ottoman Empire. It was a war for territory, provoked by fear that if the Ottoman Empire were to collapse then Russia could control a huge swathe of land from the Balkans to the Persian Gulf. But it was also a war of religion, driven by a fervent, populist and ever more ferocious belief by the Tsar and his ministers that it was Russia's task to rule all Orthodox Christians and control the Holy Land.
-
-
Outstanding History of the Crimean War
- By Rick Sailor on 11-08-18
By: Orlando Figes
-
The Collapse of the Third Republic
- An Inquiry into the Fall of France in 1940
- By: William L. Shirer
- Narrated by: Grover Gardner
- Length: 48 hrs and 10 mins
- Unabridged
-
Overall
-
Performance
-
Story
As an international war correspondent and radio commentator, William L. Shirer didn't just research the fall of France. He was there. In just six weeks, he watched the Third Reich topple one of the world's oldest military powers - and institute a rule of terror and paranoia. Based on in-person conversation with the leaders, diplomats, generals, and ordinary citizens who both shaped the events of this time and lived through them on a daily basis, Shirer shapes a compelling account of historical events - without losing sight of the personal experience.
-
-
So much information
- By Daniel L Carmony on 05-14-19
-
Capital in the Twenty-First Century
- By: Thomas Piketty, Arthur Goldhammer - translator
- Narrated by: L. J. Ganser
- Length: 24 hrs and 58 mins
- Unabridged
-
Overall
-
Performance
-
Story
What are the grand dynamics that drive the accumulation and distribution of capital? Questions about the long-term evolution of inequality, the concentration of wealth, and the prospects for economic growth lie at the heart of political economy. But satisfactory answers have been hard to find for lack of adequate data and clear guiding theories.
-
-
The Financial Times' Critique Doesn't Detract
- By Madeleine on 05-22-14
By: Thomas Piketty, and others
-
Debt - Updated and Expanded
- The First 5,000 Years
- By: David Graeber
- Narrated by: Grover Gardner
- Length: 17 hrs and 48 mins
- Unabridged
-
Overall
-
Performance
-
Story
Here, anthropologist David Graeber presents a stunning reversal of conventional wisdom: He shows that before there was money, there was debt. For more than 5,000 years, since the beginnings of the first agrarian empires, humans have used elaborate credit systems to buy and sell goods - that is, long before the invention of coins or cash. It is in this era, Graeber argues, that we also first encounter a society divided into debtors and creditors.
-
-
Transformative to the point of being revolutionary
- By James C. Samans on 08-14-16
By: David Graeber
-
The Box
- How the Shipping Container Made the World Smaller and the World Economy Bigger
- By: Marc Levinson
- Narrated by: Adam Lofbomm
- Length: 12 hrs and 20 mins
- Unabridged
-
Overall
-
Performance
-
Story
In April 1956, a refitted oil tanker carried 58 shipping containers from Newark to Houston. From that modest beginning, container shipping developed into a huge industry that made the boom in global trade possible. The Box tells the dramatic story of the container's creation, the decade of struggle before it was widely adopted, and the sweeping economic consequences of the sharp fall in transportation costs that containerization brought about.
-
-
Fascinating Topic sometimes lost in minutiae
- By zombie64 on 07-15-14
By: Marc Levinson
-
American Lion
- Andrew Jackson in the White House
- By: Jon Meacham
- Narrated by: Richard McGonagle
- Length: 17 hrs and 16 mins
- Unabridged
-
Overall
-
Performance
-
Story
Beloved and hated, venerated and reviled, Andrew Jackson was an orphan who fought his way to the pinnacle of power, bending the nation to his will in the cause of democracy. Jackson's election in 1828 ushered in a new and lasting era in which the people, not distant elites, were the guiding force in American politics. Democracy made its stand in the Jackson years, and he gave voice to the hopes and the fears of a restless, changing nation facing challenging times at home and threats abroad.
-
-
Unlikable Old Hickory
- By John M on 01-05-09
By: Jon Meacham
-
The Ascent of Money
- A Financial History of the World
- By: Niall Ferguson
- Narrated by: Simon Prebble
- Length: 11 hrs and 27 mins
- Unabridged
-
Overall
-
Performance
-
Story
Niall Ferguson follows the money to tell the human story behind the evolution of finance, from its origins in ancient Mesopotamia to the latest upheavals on what he calls Planet Finance. Bread, cash, dosh, dough, loot, lucre, moolah, readies, the wherewithal: Call it what you like, it matters. To Christians, love of it is the root of all evil. To generals, it's the sinews of war. To revolutionaries, it's the chains of labor. Niall Ferguson shows that finance is in fact the foundation of human progress.
-
-
A mostly successful and interesting history
- By A reader on 02-24-09
By: Niall Ferguson
-
The Making of the English Working Class
- By: E.P. Thompson
- Narrated by: Shaun Grindell
- Length: 34 hrs and 42 mins
- Unabridged
-
Overall
-
Performance
-
Story
During the formative years of the Industrial Revolution, English workers and artisans claimed a place in society that would shape the following centuries. But the capitalist elite did not form the working class - the workers shaped their own creations, developing a shared identity in the process. Despite their lack of power and the indignity forced upon them by the upper classes, the working class emerged as England's greatest cultural and political force.
-
-
terrible terrible narrator
- By Theresa Barr on 08-28-24
By: E.P. Thompson
-
Collapse
- The Fall of the Soviet Union
- By: Vladislav M. Zubok
- Narrated by: David de Vries
- Length: 23 hrs and 50 mins
- Unabridged
-
Overall
-
Performance
-
Story
In 1945, the Soviet Union controlled half of Europe and was a founding member of the United Nations. By 1991, it had an army four million strong, 5,000 nuclear-tipped missiles, and was the second biggest producer of oil in the world. But soon afterward, the union sank into an economic crisis and was torn apart by nationalist separatism. Its collapse was one of the seismic shifts of the 20th century.
-
-
Hopefully Not Prescient
- By Joshua on 01-29-22
Critic reviews
What listeners say about America's First Great Depression
Average customer ratingsReviews - Please select the tabs below to change the source of reviews.
-
Overall
-
Performance
-
Story
- Janice
- 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.
Something went wrong. Please try again in a few minutes.
You voted on this review!
You reported this review!
2 people found this helpful
-
Overall
-
Performance
-
Story
- 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.
Something went wrong. Please try again in a few minutes.
You voted on this review!
You reported this review!
4 people found this helpful
-
Overall
-
Performance
-
Story
- 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.
Something went wrong. Please try again in a few minutes.
You voted on this review!
You reported this review!