By 1819, with Napoleon’s war wrapping up, European manufacturers were returning to normal economic conditions and so the American economy experienced a depression as it faced competition with European producers who could not only outproduce, but could also provide goods at a discount. Net imports, which had been on the rise following the war of 1812, saw a dramatic reduction as increased global competition forced new market conditions. Despite the panic of 1819, American nationalism remained high as the American civilization had proven capable of fending off what was at that time the most powerful empire in the world. Additionally the western expansion into the lands claimed in the Lousiana purchase and the successful management of the „indian problem” gave the American people a sense of religiously-inspired destiny, which would continue as the United States continued its expansion and encroachment into the territories of other European
By 1819, with Napoleon’s war wrapping up, European manufacturers were returning to normal economic conditions and so the American economy experienced a depression as it faced competition with European producers who could not only outproduce, but could also provide goods at a discount. Net imports, which had been on the rise following the war of 1812, saw a dramatic reduction as increased global competition forced new market conditions. Despite the panic of 1819, American nationalism remained high as the American civilization had proven capable of fending off what was at that time the most powerful empire in the world. Additionally the western expansion into the lands claimed in the Lousiana purchase and the successful management of the „indian problem” gave the American people a sense of religiously-inspired destiny, which would continue as the United States continued its expansion and encroachment into the territories of other European