The Leading Facts of American History

The Leading Facts of American History

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1896 edition. Excerpt: ...Hymn," and Bryant's " Song of Marion's Men." 2 The New York Daily Sun, 1833. Audubon (Aw'du-bon), born in Louisiana, 1780. Martin Van Buren was born in New York in 1782; died in 1862. He was United States Senator from 1821-1828; governor of New York later, and Secretary of State under Jackson, 1829-1831. In 1836 he was elected President (R. M. Johnson of Kentucky, Vice-President) by the Democratic party, over General W. H. Harrison, the Whig candidate, STOPPAGE OF TRADE. 247 In his farewell address, President Jackson had said, "I leave this great people prosperous and happy." But Mr. Van Buren had scarcely entered upon the duties of his office, in 1837, when a large business house in New Orleans failed. It was the beginning of a panic' in trade and money matters which swept over the country like the waters of a destroying flood. In ten days, one hundred merchants in New York City had lost everything; and within two months, the total business failures in that city reached the enormous sum of one hundred millions of dollars. Next, the banks began to fail; and the difficulty of getting gold or silver became so great that even the United States government had to pay the army and navy in paper money, which, if it chanced to be good to-day, might be worthless to-morrow. John Quincy Adams declared that, "without a dollar of national debt, we are in the midst of national bankruptcy." 275. Stoppage of Trade; Distress among Workmen; Failures of States; Causes of the Panic.--Soon factories and mills stopped running, and nearly all trade came to a standstill. Thousands of workmen were suddenly thrown out of employment, and saw no way of earning bread for themselves and their families. Many states had borrowed large...
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Product details

  • Paperback | 160 pages
  • 189 x 246 x 9mm | 299g
  • United States
  • English
  • Illustrations, black and white
  • 1236757122
  • 9781236757128