Another Peril of Progress: Indiana Canals and Economic Collapse in Mid-19th Century” Wenig, Kelly Wenig, Kelly
dc.contributor.department History 2018-02-15T20:37:41.000 2020-06-30T04:07:01Z 2020-06-30T04:07:01Z Tue Jan 01 00:00:00 UTC 2013 2015-02-23 2013-06-01
dc.description.abstract <p>In July 1841, the State of Indiana declared bankruptcy. After years of crushing debt incurred from loans associated with the 1836 Mammoth Internal Improvements Act, the state finally defaulted on their payments to investors, and continued to do so for the next half decade. Hoosiers—because of their insolvency—were attacked from all angles by angry investors and newspapers from as far away as London, denouncing the “plundering vagabonds,” saying that “Indiana mocks all the obligations of good faith and common honesty” and is “the land of promise for all the knavery and thievery of the known world.”1 In response to attacks on their moral character, Hoosiers could do little to assuage the guilt mongers other than promise to pay their debts later.</p>
dc.description.comments <p>This is a presentation from the Agricultural History Society Annual Meeting (2013). Posted with permission.</p>
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dc.identifier archive/
dc.identifier.articleid 1000
dc.identifier.contextkey 6707580
dc.identifier.s3bucket isulib-bepress-aws-west
dc.identifier.submissionpath history_conf/4
dc.language.iso en
dc.source.bitstream archive/|||Fri Jan 14 23:59:25 UTC 2022
dc.subject.disciplines History of Science, Technology, and Medicine
dc.subject.disciplines Political History
dc.subject.disciplines United States History
dc.title Another Peril of Progress: Indiana Canals and Economic Collapse in Mid-19th Century”
dc.type article
dc.type.genre presentation
dspace.entity.type Publication
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relation.isOrgUnitOfPublication 73ac537e-725d-4e5f-aa0c-c622bf34c417
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