On the record
The beginning of the end of this epoch of insane speculation was felt, early in the spring of 1837, by a money pressure of unexampled severity.
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gutenberg.orgDe Alexander: “The beginning of the end of this epoch of insane speculation was felt, early in the spring of 1837, by a money pressure…”
Editor's note · Context
This statement marks the beginning of a financial crisis, indicating a shift in economic conditions.
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