Lessons Learned from 200 Years of Booms and Busts in the U.S. Economy
Leading Blog
NOVEMBER 17, 2021
economy occurred after the War of 1812 when inflated prices created an unstainable boom. Expansionist activities of farmers, exporters, and, particularly, investment bankers — spearheaded by the Second Bank of United States — sowed the seeds of the boom leading to the bust. Consumer price inflation unfolds.
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