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The Inflationary Boom, which led to the Panic of 1837, of the 1830's began by the construction of new canals. The Federal government sold millions of acres of public lands in western states, mostly to speculators who resold and bought, waiting for the increase in value once the finished turnpikes, canals, and railroads brought settlers looking for land...
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The Inflationary Boom, which led to the Panic of 1837, of the 1830's began by the construction of new canals. The Federal government sold millions of acres of public lands in western states, mostly to speculators who resold and bought, waiting for the increase in value once the finished turnpikes, canals, and railroads brought settlers looking for land...
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