Kinder Institute: Reflections on the Panic of 1819

Second National Bank

Kinder Institute: “Reflections on the Panic of 1819”


On the occasion of its bicentennial, Sharon Ann Murphy will lecture at the Kinder Institute at the University of Missouri, a JMC partner program, on the effects of the Panic of 1819, which rippled throughout the American population, as well as its implications for 19th-century economic history.

America’s first major economic crisis touched all aspects of the economy and affected—either directly or indirectly—almost the entire American population. For many people, the Panic of 1819 was evidence that the entire banking system was flawed. Critics noted the instability of using banknotes and fretted over the potential problems with placing too much power in the hands of a few financial institutions, especially the Second Bank of the United States. What Americans at the time did not and could not know was that panics and depressions would follow periods of rapid economic growth throughout the nineteenth century.

Friday, October 18, 2019 • 3:30 PM
Jesse Hall, Room 410 • University of Missouri

Free and open to the public

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Sharon Ann Murphy is a Professor of History at Providence College. A historian of 19th century institutions, she has published scholarship in Journal of the Early Republic and Business History Review, among many other places, and her current book project examines the relationship between banks and slavery, and particularly the use of enslaved people as a loan collateral, in the antebellum period and across the South. Professor Murphy is also the author of a number of books, including Investing in Life: Insurance in Antebellum America (Johns Hopkins University Press, 2010), which won the 2012 Hagley Prize for Best Book in Business History, and most recently, Other People’s Money: How Banking Worked in the Early American Republic (Johns Hopkins University Press, 2017).

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The Kinder Institute on Constitutional Democracy at the University of Missouri is an interdisciplinary, signature academic center on the Columbia campus, jointly operated by faculty from the Political Science and History Departments, in cooperation with other scholars across campus. It is dedicated to excellence in research, teaching, and community engagement on the subjects of American political thought, history, and institutions, with a particular emphasis on the ideas and events of the American Founding and their continued global impact and relevance today. It was created in 2015 by a generous gift from the Kinder Foundation, a family philanthropic foundation started by Rich and Nancy Kinder of Houston, Texas.

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