John Q. Adams Administration - Domestic Issues
Domestic Issues
The economic panic of 1819 continued to reverberate throughout the political landscape of the 1820s. New England shipping interests had suffered from Great Britain's blockade during the War of 1812. The end of the war in 1815 spelled relief for them, but new problems soon followed. The domestic manufacturers that had sprung up to produce the goods traditionally imported from Great Britain during the British blockade in the 1812 conflict suffered when the British "dumped" finished goods on the U.S. market after the war ended in 1815. These episodes of instability sapped the credit system and brought on waves of financial contractions as bankers foreclosed on loans and farmers lost their land.
During Adams's presidency, however, the economy was recovering and was entering a phase of economic expansion. This appeared to be an omen for political stability. The country offered other indications that crises could be...
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