A REVIEW OF THE TRADE AND COMMERCE OF NEW-YORK, FROM 1815 TO THE PRESENT TIME. WITH AN INQUIRY INTO THE CAUSES OF THE PRESENT DISTRESS, AND THE MEANS OF OBVIATING IT. BY AN OBSERVER.
New-York: Printed by C.S. Van Winkle, 1820. 43pp. Disbound. Spine with old tape remnants. Foremargins of first several leaves with tape remnants and chips. No text loss, but rather unattractive. Good.
A "review of the business of New-York, for the last five years." This period began well, with the peace of 1815. But the recent economic Panic has "produced general ruin." The author presents the economic history of the early 19th century, focusing on the effects of the Napoleonic Wars and the War of 1812. "The return of peace opened the United States to the commerce of the world." But money was scarce, too much capital was invested in real estate, banks were unresponsive to the need for cash, and deflation occurred. When 1817 began, "merchants owed more money than at any previous period since the peace." Through the auction business, concentrated in New York, "the foreign merchant and manufacturer has taken the trade of the city out of our own hands."
FIRST EDITION. Sabin 70274. AI 2992 [7]. Not in Rink, Decker, Eberstadt. Item #26258
Price: $100.00