The Panic of 1857: Origins, Transmission, and Containment

The origins and the spread of the Panic of 1857 are examined, as is a comparison of state banking systems' response to it. A decline in western land and railroad investments, along with the consequent stress on securities brokers and banks in eastern cities, precipitated the panic and transmitted economic shock to other regions of the US.
    Year
    1991
    Publication Type
    Journal Article
    How to Cite This Page: "The Panic of 1857: Origins, Transmission, and Containment," House Divided: The Civil War Research Engine at Dickinson College, https://hd.housedivided.dickinson.edu/node/10406.