The Panic of 1819 was America\'s first great economic crisis.
Confronted with something new, the Panic engendered much discussion and debate about.
Its cause was not obvious to observers at the time.
It seemed to originate from within the economic system itself.
Rothbard tells the story about a disaster that could not be attributed to some specific government blunder or disaster.
And this is Rothbard\'s masterful account, the first full scholarly book on the topic and still the most definitive.
The Panic of 1819 was America\'s first great economic crisis