ARP399 The Financial Crisis of 1797

ARP399 The Financial Crisis of 1797

September 6, 2026 · 32 min · Episode 397

About this episode

This episode discusses the financial crisis of 1797 triggered by the war in Europe and the Bank of England's failure, highlighting the downfall of Robert Morris.

The war in Europe, and the Bank of England's failure to supports its own banknotes, triggers a financial crisis in America. Among the casualties is Robert Morris. The once-richest man in America spends years in debtors' prison. This episode's, ⁠blog entry⁠, at⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠blog.AmRevPodcast.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ includes a complete transcript, as well as more resources related to this week's episode. Book Recommendation of the Week:⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠Empire of Liberty: A History of the Early Republic, , 1789-1815, by Gordon S. Wood Online Recommendation of the Week: "Paper Money, The Nation, and the Suspension of Cash Payments in 1797" The Historical Journal, 2015. http://www.jstor.org/stable/24531987 Join the podcast mail list: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://mailchi.mp/d3445a9cd244/american-revolution-podcast-by-michael-troy⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ARP T-shirts and other merch: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://merch.amrevpodcast.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Ask your American Revolution Podcast questions on Quora…

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