United States Bank

Cumberland County in the Panic of 1819

Some idea of economic condition of Pennsylvania during the Panic of 1819 may be obtained from the report of a committee of the State Senate appointed on December 10, 1819, to inquire into "the Extent and Causes of the present General Distress throughout the Commonwealth." The long years of war in Europe and of the war of the United States with Great Britain, although they brought wealth and prosperity to some, also produced inflation and speculation.