America's First Great Depression: Economic Crisis and Political Disorder after the Panic of 1837
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As Roberts shows, the two decades that preceded the Panic had marked a democratic surge in the United States. However, the nation's commitment to democracy was tested severely during this crisis. Foreign lenders questioned whether American politicians could make the unpopular decisions needed on spending and taxing. State and local officials struggled to put down riots and rebellion. A few wondered whether this was the end of America's democratic experiment.
Roberts explains how the country's woes were complicated by its dependence on foreign trade and investment, particularly with Britain. Aware of the contemporary relevance of this story, Roberts examines how the country responded to the political and cultural aftershocks of 1837, transforming its political institutions to strike a new balance between liberty and social order, and uneasily coming to terms with its place in the global economy.
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Alasdair Roberts is Jerome L. Rappaport Professor of Law and Public Policy at Suffolk University Law School. He is the author of The Logic of Discipline: Global Capitalism and the Architecture of Government, The Collapse of Fortress Bush: The Crisis of Authority in American Government, and Blacked Out: Government Secrecy in the Information Age. He is also a Fellow of the National Academy of Public Administration and coeditor of the journal Governance.
