you mean 1819???
Many state banks collapse, and enormous amounts of Western real estate are foreclosed by the Bank of the United States. But there are more fundamental causes for the crisis, of which the credit collapse is only a consequence and a symptom. The swollen demand for the products of American farms and factories, resulting from scant supply of such goods at home and abroad during the war, is now satisfied: the market is declining. As prices fall, money becomes difficult to come by, but the habit of borrowing, formed in the expansive years, cannot be shaken. Those who insist on a return to specie-hard money, are seen as turning the clock back.