Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
o, there was quite a bit of bother before '37. Some people like to hang history on the hillbilly's real estate schtick though, because it's too much trouble to disturb sleeping dog profiteers, when you've absolutely, positively must lecture on the inherent unity of the USA.

Private bankers and traders, holding reserves of sterling and gold, engaged in speculation with their own bank notes and domestic and foreign securities. 1837 wasn't the first panic or depression in the preceding decades. 1830 sticks out in my mind, because only one US bank resisted the urge to enter the UK railroad bubble --I think, it was Somerville? for a while lauded by historians (of the real bill persuasion) in its prudence.

US treasury (on coinage) and tax acts in the '50s are little recalled today.

The point of reviewing any of it y comparison to EU not-federalist proclivities is, US Americans endured a lot of FAILURE before hitching their wagons to centralized government.

Diversity is the key to economic and political evolution.

by Cat on Tue Dec 11th, 2018 at 09:20:32 PM EST
[ Parent ]

Others have rated this comment as follows:

Display:

Top Diaries

What happens now?

by IdiotSavant - Jan 15
41 comments

A Swedish government appears

by fjallstrom - Jan 16
2 comments

Too little, too late

by Frank Schnittger - Jan 12
80 comments

A TITANIC success

by Frank Schnittger - Jan 7
36 comments

Perils of a No Deal BrExit

by Oui - Jan 7
101 comments

Review of 2018

by Frank Schnittger - Dec 26
43 comments

Star Over Bethlehem

by Oui - Dec 25
1 comment

Occasional Series