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1812 recession 1812 ~6 months ~18 months The United States entered a brief recession at the beginning of 1812. The decline was brief primarily because the United States soon increased production to fight the War of 1812, which began June 18, 1812. [15] 1815–1821 depression: 1815–1821 ~ 6 years ~ 3 years
The economy of the United States was not immune to the chaos that afflicted Europe, which contributed to the Panic of 1819. [6] [7] American manufacturers faced U.S. markets swamped with British products, produced by low-paid workers and priced well below competitive rates and forcing many factories out of business.
The longest economic expansion of the United States occurred in the recession-free period between 1841 and 1856. [107] A 2017 study attributes this expansion primarily to "a boom in transportation-goods investment following the discovery of gold in California." [107]
The following is a partial list of events from the year 1812 in the United States. After years of increasing tensions, the United States declares war on the British Empire, starting the War of 1812. Results from the 1812 U.S. presidential election Political map of the United States published in 1812.
In the United States, the economy grew 3.7% a year from 1812 to 1815, despite a large loss of business by East Coast shipping interests. Prices were 15% higher – inflated – in 1815 compared to 1812, an annual rate of 4.8%.
The history of the United States from 1815 to 1849—also called the Middle Period, the Antebellum Era, or the Age of Jackson—involved westward expansion across the American continent, the proliferation of suffrage to nearly all white men, and the rise of the Second Party System of politics between Democrats and Whigs.
Steven Pearlstein won a Pulitzer prize for his extensive work predicting the financial crisis of 2007/2008 and for writing the US economy was on the cusp of recession. But Pearlstein told Yahoo ...
Bickham, Troy, The Weight of Vengeance: The United States, The British Empire, and the War of 1812 (Oxford University Press, 2012) ISBN 978-0195391787; Burt, A. L. The United States, Great Britain, and British North America from the Revolution to the Establishment of Peace after the War of 1812. (1940) online edition