How does early end to Napoleonic Wars impact economic cycle?

This may open up a can of worms regarding economic theories - if so I'm sorr.:D

Since 2011-12 was the Year Without a Winter where I live, I was not stuck inside mostly for days and so never started posting "Created Equal - jefferson in 1796" - but I am at about 1816 (a few years earlier for Europe) in figuring out where it goes, and while it might not come till next winter now (though after my vacation is a possibility to start it) I had a question which would impact the 1816 election, potentially. And 1812, given where I want to go (1812 will be a very close-run thing, like OTL's 1824, I think.)

My question is, the Napoleonic Wars, in large scale, will end a number of years early. From what I've read (no major sources nor money for them, but Wikipedia gves some as do places like historynet.com), the end of the wars was one cause of the economic downturn of 1819, but it's debatable how much. (Since the depression happened 4 yearsafter) There is also no War of 1812, though there is a war against a European power in 1806-8 or so. (You can perhaps guess, so I'll give you a line I wrote - it's mostly narrative but when things like this strike me I put them in - Andrew Jackson shouts, "There IS no more Spain!")

On top of that, the year Without A Summer, 1816, might have some impact, though it looks like that was mostly New England.

Also, how long would I need a France which doesn't invade Russia but has...serious issues;) to recover before spending a lot of money to send a flee to Haiti? And, in case I don't ever get this timeline started (real life does tend to get really busy for me at times), and someone else wants to use this idea (searching past discussions has helped other areas), I'll just say I'd like them to be in Port-au-Prince, oh, about August 18, 1816.:D
 
You need to be clear about which countries you're talking about. Anyone in Europe cutting military spending in a big way is going to face a recession from the drag on economic demand. However, in the medium-run, an earlier end to war will mean better growth in the longer run due to less debt to pay down.

The Panic of 1819 in the US, however, had different causes. It was a good old fashioned financial crisis. The banks had lent too much and when the Bank of the United States decided to call in loans to get it into control, it was too late and a lot of people couldn't afford it. Their bankruptcies caused a wave of defaults and the distress rippled through the system.
 
You need to be clear about which countries you're talking about. Anyone in Europe cutting military spending in a big way is going to face a recession from the drag on economic demand. However, in the medium-run, an earlier end to war will mean better growth in the longer run due to less debt to pay down.

The Panic of 1819 in the US, however, had different causes. It was a good old fashioned financial crisis. The banks had lent too much and when the Bank of the United States decided to call in loans to get it into control, it was too late and a lot of people couldn't afford it. Their bankruptcies caused a wave of defaults and the distress rippled through the system.

Thanks; yes, I was referring to the United States. I'm really not very good at all on economic stuff so I wasn't really sure how much the end of the War of 1812 or anything interfered with the economy.

It sounds like with less of a war, though, France would be able to rebound faster than in OTL, then? Thanks.
 

MAlexMatt

Banned
I don't usually recommend rothbard to anyone, but his book, The Panic of 1819, is reasonably well researched and contains many details on the period. If you can ignore the ideology, I highly recommend giving it a read, especially because you can find it for free on the internet.
 
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