Asked in Economics
Economics

What was the American economy in the 1820s?

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11/12/2009

During the 1820s, America was just coming out of the Panic of 1819. The U.S. was still in a depression. The Northern and Southern states disputed about tariffs (Tariff of Abominations), which led to the agreement of the price of tariffs being lovered to the prices of tariffs in 1816, and the Force Bill, which allows the President of the United States to use the militia against a state that did not pay its taxes.