1820s - Economics and Commerce

Economics and Commerce

  • 1821: High-quality cotton is introduced in Egypt.
  • 1822 – Ashley's Hundred leave from St. Louis, setting off a major increase in fur trade.
  • 1822 – Coffee is no longer banned in Sweden.
  • 1824 – The Fort Vancouver trading post is established on the lower Columbia River by the Hudson's Bay Company.
  • August 18, 1825 – Gregor MacGregor issues a £300,000 loan with 2.5% interest through the London bank of Thomas Jenkins & Company. His actions lead to the Panic of 1825, the first modern stock market crash in London.

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