The Credit System And the Public Domain
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420 1 6 Ibid. , Vol. IV. , p. 911. 7 Vol. XXI. , 1821, p. 277.
8 American State Papers, Finance, Vol. III. , p. 263; Public Lands, Vol. IV. , p. 2; Niles' Register, Vol. XIX. , 1820, p. 48.
'Niles' Register, Vol. XV. , 1819, p. 77; Vol. XEX. , 1821, p. 132; An- nals of Congress, 1819 '20, col. 465 ; ibid. , 1820, col. 1892.
IO Sumner, History of American Currency, p. 79.
The Credit System and the Public Domain. 1 1 that year "the price of all articles produced in the western states fell so low ...as scarce!}' to defray the expense of transportation to the ports from whence they were usually exported to the for- eign markets. This condition of things, which had not been an- ticipated when the debt for the public lands w r as contracted, produced the most serious distress at the moment, and excited alarming apprehensions for the future. " 1 The price of cotton fell more than fifty per cent. 2 Growers endeavored to recoup them- selves by planting a larger acreage, but this only drove the price still lower until 3 it had fallen more than twenty cents per pound.
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You can find similar books in the "Read Also" column, or choose other free books by C F Emerick to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
420 1 6 Ibid. , Vol. IV. , p. 911. 7 Vol. XXI. , 1821, p. 277.
8 American State Papers, Finance, Vol. III. , p. 263; Public Lands, Vol. IV. , p. 2; Niles' Register, Vol. XIX. , 1820, p. 48.
'Niles' Register, Vol. XV. , 1819, p. 77; Vol. XEX. , 1821, p. 132; An- nals of Congress, 1819 '20, col. 465 ; ibid. , 1820, col. 1892.
IO Sumner, History of American Currency, p. 79.
The Credit System and the Public Domain. 1 1 that year "the price of all articles produced in the western states fell so low ...as scarce!}' to defray the expense of transportation to the ports from whence they were usually exported to the for- eign markets. This condition of things, which had not been an- ticipated when the debt for the public lands w r as contracted, produced the most serious distress at the moment, and excited alarming apprehensions for the future. " 1 The price of cotton fell more than fifty per cent. 2 Growers endeavored to recoup them- selves by planting a larger acreage, but this only drove the price still lower until 3 it had fallen more than twenty cents per pound.
What to read after The Credit System And the Public Domain?
You can find similar books in the "Read Also" column, or choose other free books by C F Emerick to read onlineMoreLess
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