The realty run was fueled by the availability of easy credit to settlers and speculators.
In the time leading up to event, the price of farm goods rose as a result of the temporary disruption of European agriculture by military conflict, eventually causing a land boom in the western United States. The realty run was fueled by the availability of easy credit to settlers and speculators. The national bank began tightening credit, and foreclosing mortgages, sending the US into economic turmoil. FTP, name this mini-depression that eventually led to some questioning the existence of the National Bank.
In the time leading up to event, the price of farm goods rose as a result of the temporary disruption of European agriculture by military conflict, eventually causing a land boom in the western United States.
The {Panic} of {1819}