1837, Unnamed, Mention
Item
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Title
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1837, Unnamed, Mention
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Description
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During the financial panic of 1837, expenses went up and profits went down, and it affected Athens, Georgia greatly. The price for an enslaved person dropped from $1200 to $200 to $300.
Partial Transcript: "The attendance of students in the University fell off, the banks stopped specie payment, expenses went up and profits went down. Cotton went down to five cents, negroes who cost $1200, were sold for from $200 to $300, and good land was offered at $2 and $3 per acre."
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Date
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1837
