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<button class="vector-pinnable-header-toggle-button vector-pinnable-header-pin-button" data-event-name="pinnable-header.vector-appearance.pin">move to sidebar</button> <button class="vector-pinnable-header-toggle-button vector-pinnable-header-unpin-button" data-event-name="pinnable-header.vector-appearance.unpin">hide</button> </div> </div> </div> </nav> </div> </div> <div id="bodyContent" class="vector-body" aria-labelledby="firstHeading" data-mw-ve-target-container> <div class="vector-body-before-content"> <div class="mw-indicators"> </div> <div id="siteSub" class="noprint">From Wikipedia, the free encyclopedia</div> </div> <div id="contentSub"><div id="mw-content-subtitle"></div></div> <div id="mw-content-text" class="mw-body-content"><div class="mw-content-ltr mw-parser-output" lang="en" dir="ltr"><p> The <a href="/wiki/Alabama" title="Alabama">Alabama</a> real estate bubble of the 1810s was a <a href="/wiki/Real_estate_bubble" class="mw-redirect" title="Real estate bubble">real estate bubble</a> centered on <a href="/wiki/Huntsville,_Alabama" title="Huntsville, Alabama">Huntsville</a>, caused by increasing cotton prices resulting from demand from English textile manufacturers, relatively high cotton yields in Alabama, as well as general speculation. In 1817, property in <a href="/wiki/Madison_County,_Alabama" title="Madison County, Alabama">Madison County</a> sold for around $2 per acre, while in 1818 it sold for $7.40 per acre on average, with some tracts reportedly sold "at prices ranging from $20 to $78 per acre,"<sup id="cite_ref-Chappell_1-0" class="reference"><a href="#cite_note-Chappell-1"><span class="cite-bracket">[</span>1<span class="cite-bracket">]</span></a></sup> at a time when land on the American frontier was sold for $2 per acre.<sup id="cite_ref-Land_Act_2-0" class="reference"><a href="#cite_note-Land_Act-2"><span class="cite-bracket">[</span>2<span class="cite-bracket">]</span></a></sup> By 1819, acreage prices plummeted to around $0.20 per acre due to the <a href="/wiki/Panic_of_1819" title="Panic of 1819">Panic of 1819</a> and increasing global supply of cotton.<sup id="cite_ref-Glaeser_3-0" class="reference"><a href="#cite_note-Glaeser-3"><span class="cite-bracket">[</span>3<span class="cite-bracket">]</span></a></sup> </p> <meta property="mw:PageProp/toc" /> <div class="mw-heading mw-heading2"><h2 id="Background">Background</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Alabama_real_estate_bubble_of_the_1810s&action=edit&section=1" title="Edit section: Background"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Following the collapse of the <a href="/wiki/Continental_System" title="Continental System">Continental System</a> and the <a href="/wiki/Battle_of_Waterloo" title="Battle of Waterloo">final defeat of Napoleon</a> in 1815, demand for English textiles increased in <a href="/wiki/Continental_Europe" title="Continental Europe">Continental Europe</a>. As a result, English cotton imports surged 78% from 1815 to 1818,<sup id="cite_ref-Glaeser_3-1" class="reference"><a href="#cite_note-Glaeser-3"><span class="cite-bracket">[</span>3<span class="cite-bracket">]</span></a></sup> giving cotton speculators confidence that English industrialization, combined with a peaceful Europe, had created a permanent boost in cotton demand. With this sharp uptick in demand, cotton prices climbed from $0.20 per pound in 1815 to $0.30 per pound in most markets by 1817 and 1818.<sup id="cite_ref-Cole_4-0" class="reference"><a href="#cite_note-Cole-4"><span class="cite-bracket">[</span>4<span class="cite-bracket">]</span></a></sup> </p><p>The increase in cotton prices caused a rush to increase production, and attention <a href="/wiki/Alabama_Fever" title="Alabama Fever">soon focused on Alabama</a>. Alabama was particularly conducive to growing cotton; at this time the exhausted soil in South Carolina was able to produce around 300 pounds of cotton per acre per year, while the most productive areas of <a href="/wiki/Alabama_Black_Belt" class="mw-redirect" title="Alabama Black Belt">Alabama Black Belt</a> could yield between 800 and 1000 pounds.<sup id="cite_ref-Howe_5-0" class="reference"><a href="#cite_note-Howe-5"><span class="cite-bracket">[</span>5<span class="cite-bracket">]</span></a></sup> Furthermore, the area around Huntsville, Alabama, although not in the Black Belt, had easy access to the <a href="/wiki/Tennessee_River" title="Tennessee River">Tennessee River</a>, which reduced transportation costs to New Orleans, where cotton could be sold and exported.<sup id="cite_ref-Glaeser_3-2" class="reference"><a href="#cite_note-Glaeser-3"><span class="cite-bracket">[</span>3<span class="cite-bracket">]</span></a></sup> </p><p>Finally, in order to encourage settlement of the western United States, the <a href="/wiki/Land_Act_of_1804" title="Land Act of 1804">Land Act of 1804</a> permitted the federal government to auction land with standard 25% down payments and 6% interest, "and speculators mingled with homesteaders in the rush to buy."<sup id="cite_ref-Chappell_1-1" class="reference"><a href="#cite_note-Chappell-1"><span class="cite-bracket">[</span>1<span class="cite-bracket">]</span></a></sup> Purchasers could easily obtain credit from the <a href="/wiki/Second_Bank_of_the_United_States" title="Second Bank of the United States">Second Bank of the United States</a>, notorious for its loose lending practices in its South and West branches, while other regional banks followed suit. </p> <div class="mw-heading mw-heading2"><h2 id="Results">Results</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Alabama_real_estate_bubble_of_the_1810s&action=edit&section=2" title="Edit section: Results"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>The above factors contributed to a speculative boom throughout the <a href="/wiki/Alabama_Territory" title="Alabama Territory">Territory</a>, but particularly in <a href="/wiki/Madison_County,_Alabama" title="Madison County, Alabama">Madison County, Alabama</a>, where the prices increased from around $2 per acre in 1817 to $7.40 per acre by 1818, with reports of much higher prices ($78 per acre in one case) in certain locales.<sup id="cite_ref-Chappell_1-2" class="reference"><a href="#cite_note-Chappell-1"><span class="cite-bracket">[</span>1<span class="cite-bracket">]</span></a></sup> Cotton at this time cost around $0.15 per pound to produce,<sup id="cite_ref-Glaeser_3-3" class="reference"><a href="#cite_note-Glaeser-3"><span class="cite-bracket">[</span>3<span class="cite-bracket">]</span></a></sup> and when combined with prevailing prices at $0.30 per pound, implied annual profits of around $120 per acre. Such profits would justify even the highest per acre prices reported around Huntsville. Exuberant buyers may be more rational than many assume.<sup id="cite_ref-Economist_6-0" class="reference"><a href="#cite_note-Economist-6"><span class="cite-bracket">[</span>6<span class="cite-bracket">]</span></a></sup> </p><p><br /> </p> <div class="mw-heading mw-heading2"><h2 id="Bust_and_aftermath">Bust and aftermath</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Alabama_real_estate_bubble_of_the_1810s&action=edit&section=3" title="Edit section: Bust and aftermath"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Following its creation in 1817, the Second Bank of the United States failed to control paper money issued from its branch banks in the West and South, contributing to a speculative land boom. Efforts to tighten its monetary policy and call in loans contributed to the <a href="/wiki/Panic_of_1819" title="Panic of 1819">Panic of 1819</a> and caused property and commodity prices to fall. In addition, national and global cotton production proved elastic and quickly increased.<sup id="cite_ref-Glaeser_3-4" class="reference"><a href="#cite_note-Glaeser-3"><span class="cite-bracket">[</span>3<span class="cite-bracket">]</span></a></sup> As a result, prices for first quality cotton in New Orleans fell from a high of $0.32 per pound in January 1818 to $0.25 per pound in January 1819 and $0.16 per pound in January 1820, where it would stay for decades.<sup id="cite_ref-Cole_4-1" class="reference"><a href="#cite_note-Cole-4"><span class="cite-bracket">[</span>4<span class="cite-bracket">]</span></a></sup> Given the $0.15 per pound production cost, this would reduce per acre profits by over 90%. As a result, farmland values collapsed: by 1819, prices fell to around $0.20 per acre,<sup id="cite_ref-Glaeser_3-5" class="reference"><a href="#cite_note-Glaeser-3"><span class="cite-bracket">[</span>3<span class="cite-bracket">]</span></a></sup> and by 1820, Alabama land buyers collectively owed the federal government $21 million, $12 million of which was owed by Alabama itself.<sup id="cite_ref-Treat_7-0" class="reference"><a href="#cite_note-Treat-7"><span class="cite-bracket">[</span>7<span class="cite-bracket">]</span></a></sup> Over the longer term, the <a href="/wiki/Tariff_of_Abominations" title="Tariff of Abominations">1828 Tariff of Abominations</a> and <a href="/wiki/Tariff_of_1832" title="Tariff of 1832">other protectionist measures</a>, while supporting northern manufacturers, permanently depressed land prices in the South, and by 1850, per acre prices were still only around $0.29 in Madison County.<sup id="cite_ref-Economist_6-1" class="reference"><a href="#cite_note-Economist-6"><span class="cite-bracket">[</span>6<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="See_also">See also</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Alabama_real_estate_bubble_of_the_1810s&action=edit&section=4" title="Edit section: See also"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <ul><li><a href="/wiki/Alabama_Fever" title="Alabama Fever">Alabama Fever</a></li> <li><a href="/wiki/John_Brahan" title="John Brahan">John Brahan</a> – American speculator and slave owner (1774–1834)</li> <li><a href="/wiki/William_Preston_Anderson" title="William Preston Anderson">William Preston Anderson</a> – American attorney, land speculator (1774–1831)</li> <li><a href="/wiki/Edward_Ward_(businessman)" title="Edward Ward (businessman)">Edward Ward (businessman)</a> – 19th-century Tennessee politician</li></ul> <div class="mw-heading mw-heading2"><h2 id="References">References</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Alabama_real_estate_bubble_of_the_1810s&action=edit&section=5" title="Edit section: References"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <style data-mw-deduplicate="TemplateStyles:r1239543626">.mw-parser-output .reflist{margin-bottom:0.5em;list-style-type:decimal}@media screen{.mw-parser-output .reflist{font-size:90%}}.mw-parser-output .reflist .references{font-size:100%;margin-bottom:0;list-style-type:inherit}.mw-parser-output .reflist-columns-2{column-width:30em}.mw-parser-output .reflist-columns-3{column-width:25em}.mw-parser-output .reflist-columns{margin-top:0.3em}.mw-parser-output .reflist-columns ol{margin-top:0}.mw-parser-output .reflist-columns li{page-break-inside:avoid;break-inside:avoid-column}.mw-parser-output .reflist-upper-alpha{list-style-type:upper-alpha}.mw-parser-output .reflist-upper-roman{list-style-type:upper-roman}.mw-parser-output .reflist-lower-alpha{list-style-type:lower-alpha}.mw-parser-output .reflist-lower-greek{list-style-type:lower-greek}.mw-parser-output .reflist-lower-roman{list-style-type:lower-roman}</style><div class="reflist"> <div class="mw-references-wrap"><ol class="references"> <li id="cite_note-Chappell-1"><span class="mw-cite-backlink">^ <a href="#cite_ref-Chappell_1-0"><sup><i><b>a</b></i></sup></a> <a href="#cite_ref-Chappell_1-1"><sup><i><b>b</b></i></sup></a> <a href="#cite_ref-Chappell_1-2"><sup><i><b>c</b></i></sup></a></span> <span class="reference-text">Chappell, Gordon T. 1949. "Some Patterns of Land Speculation in the Old Southwest." The Journal of Southern History: 463-477</span> </li> <li id="cite_note-Land_Act-2"><span class="mw-cite-backlink"><b><a href="#cite_ref-Land_Act_2-0">^</a></b></span> <span class="reference-text">"<a rel="nofollow" class="external text" href="http://rs6.loc.gov/cgi-bin/ampage?collId=llsl&fileName=002/llsl002.db&recNum=314">Chapter 35: Act of March 26, 1804</a>". Statutes at Large, Volume II. 8th Congress, 1st session. Boston: Charles C. Little and James Brown, 1845, pg. 277-283. From Library of Congress, A Century of Lawmaking for a New Nation: U.S. Congressional Documents and Debates, 1774-1875; (accessed April 24, 2013).</span> </li> <li id="cite_note-Glaeser-3"><span class="mw-cite-backlink">^ <a href="#cite_ref-Glaeser_3-0"><sup><i><b>a</b></i></sup></a> <a href="#cite_ref-Glaeser_3-1"><sup><i><b>b</b></i></sup></a> <a href="#cite_ref-Glaeser_3-2"><sup><i><b>c</b></i></sup></a> <a href="#cite_ref-Glaeser_3-3"><sup><i><b>d</b></i></sup></a> <a href="#cite_ref-Glaeser_3-4"><sup><i><b>e</b></i></sup></a> <a href="#cite_ref-Glaeser_3-5"><sup><i><b>f</b></i></sup></a></span> <span class="reference-text">Glaeser, Edward L., <a rel="nofollow" class="external text" href="http://www.hks.harvard.edu/var/ezp_site/storage/fckeditor/file/pdfs/centers-programs/centers/taubman/working_papers/Glaeser_Ely.pdf">A Nation of Gamblers: Real Estate Speculation and American History</a> (working paper); accessed April 24, 2013.</span> </li> <li id="cite_note-Cole-4"><span class="mw-cite-backlink">^ <a href="#cite_ref-Cole_4-0"><sup><i><b>a</b></i></sup></a> <a href="#cite_ref-Cole_4-1"><sup><i><b>b</b></i></sup></a></span> <span class="reference-text">Cole, Arthur H. 1938. <a rel="nofollow" class="external text" href="http://www.vanderbilt.edu/econ/cipr/cole-historical-data.html">Wholesale Commodity Prices in the United States, 1700-1861</a> <a rel="nofollow" class="external text" href="https://web.archive.org/web/20130406062618/http://www.vanderbilt.edu/econ/cipr/cole-historical-data.html">Archived</a> 2013-04-06 at the <a href="/wiki/Wayback_Machine" title="Wayback Machine">Wayback Machine</a>, Statistical Supplement, Actual Wholesale Prices of Various Commodities. Harvard University Press, Cambridge, (accessed April 24, 2013).</span> </li> <li id="cite_note-Howe-5"><span class="mw-cite-backlink"><b><a href="#cite_ref-Howe_5-0">^</a></b></span> <span class="reference-text">Howe, Daniel Walker. 2007. What Hath God Wrought: The Transformation of America, 1815-1848 (The Oxford History of the United States, Vol. 5). Oxford University Press.</span> </li> <li id="cite_note-Economist-6"><span class="mw-cite-backlink">^ <a href="#cite_ref-Economist_6-0"><sup><i><b>a</b></i></sup></a> <a href="#cite_ref-Economist_6-1"><sup><i><b>b</b></i></sup></a></span> <span class="reference-text"><a rel="nofollow" class="external text" href="https://www.economist.com/news/finance-and-economics/21575737-lessons-americas-long-history-property-booms-betting-house">Betting the House</a>. 2013. The Economist.</span> </li> <li id="cite_note-Treat-7"><span class="mw-cite-backlink"><b><a href="#cite_ref-Treat_7-0">^</a></b></span> <span class="reference-text">Treat, Payson Jackson. 1910. The National Land System 1785-1820. E.B. Treat and Co.</span> </li> </ol></div></div> <div class="navbox-styles"><style data-mw-deduplicate="TemplateStyles:r1129693374">.mw-parser-output .hlist dl,.mw-parser-output .hlist ol,.mw-parser-output .hlist ul{margin:0;padding:0}.mw-parser-output .hlist dd,.mw-parser-output .hlist dt,.mw-parser-output .hlist li{margin:0;display:inline}.mw-parser-output .hlist.inline,.mw-parser-output .hlist.inline dl,.mw-parser-output .hlist.inline ol,.mw-parser-output .hlist.inline ul,.mw-parser-output .hlist dl dl,.mw-parser-output .hlist dl ol,.mw-parser-output .hlist dl ul,.mw-parser-output .hlist ol dl,.mw-parser-output .hlist ol ol,.mw-parser-output .hlist ol ul,.mw-parser-output .hlist ul dl,.mw-parser-output .hlist ul ol,.mw-parser-output .hlist ul ul{display:inline}.mw-parser-output .hlist .mw-empty-li{display:none}.mw-parser-output .hlist dt::after{content:": "}.mw-parser-output .hlist dd::after,.mw-parser-output .hlist li::after{content:" · ";font-weight:bold}.mw-parser-output .hlist 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colspan="2"><div> <ul><li><a href="/wiki/Market_trend" title="Market trend">Market trend</a></li> <li><a href="/wiki/Credit_cycle" title="Credit cycle">Credit cycle</a></li> <li><a href="/wiki/Irrational_exuberance" title="Irrational exuberance">Irrational exuberance</a></li> <li><a href="/wiki/Social_contagion" title="Social contagion">Social contagion</a></li> <li><a href="/wiki/Real-estate_bubble" title="Real-estate bubble">Real-estate bubble</a></li> <li><a href="/wiki/Stock_market_bubble" title="Stock market bubble">Stock market bubble</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Commercial_revolution" title="Commercial revolution">Commercial revolution</a><br />(1000–1760)</th><td class="navbox-list-with-group navbox-list navbox-odd hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Tulip_mania" title="Tulip mania">Tulip mania</a> (1634–1637)</li> <li><a href="/wiki/Mississippi_Company" title="Mississippi Company">Mississippi bubble</a> (1684–1720)</li> <li><a href="/wiki/South_Sea_Company" title="South Sea Company">South Sea bubble</a> (1711–1720)</li> <li><a href="/wiki/Bengal_Bubble_of_1769" title="Bengal Bubble of 1769">Bengal Bubble of 1769</a> (1757–1769)</li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Industrial_Revolution" title="Industrial Revolution">1st Industrial Revolution</a><br />(1760–1840)</th><td class="navbox-list-with-group navbox-list navbox-even hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Canal_Mania" title="Canal Mania">Canal Mania</a> (c. 1790–c. 1810)</li> <li><a href="/wiki/Carolina_gold_rush" title="Carolina gold rush">Carolina gold rush</a> (1802–1825)</li> <li><a class="mw-selflink selflink">1810s Alabama real estate bubble</a></li> <li><a href="/wiki/Georgia_Gold_Rush" title="Georgia Gold Rush">Georgia Gold Rush</a> (1828–c. 1840)</li> <li><a href="/wiki/Chicago_real_estate_bubble_of_the_1830s" title="Chicago real estate bubble of the 1830s">1830s Chicago real estate bubble</a></li> <li><a href="/wiki/Chilean_silver_rush" title="Chilean silver rush">Chilean silver rush</a> (1830–1850)</li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">1840–1870</th><td class="navbox-list-with-group navbox-list navbox-odd hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Railway_Mania" title="Railway Mania">Railway Mania</a> (c. 1840–c. 1850)</li> <li><a href="/wiki/California_gold_rush" title="California gold rush">California gold rush</a> (1848–1855)</li> <li><a href="/wiki/Queen_Charlottes_Gold_Rush" title="Queen Charlottes Gold Rush">Queen Charlottes Gold Rush</a> (1851)</li> <li><a href="/wiki/Victorian_gold_rush" title="Victorian gold rush">Victorian gold rush</a> (1851–c. 1870)</li> <li><a href="/wiki/New_South_Wales_gold_rush" title="New South Wales gold rush">New South Wales gold rush</a> (1851–1880)</li> <li><a href="/wiki/Australian_gold_rushes" title="Australian gold rushes">Australian gold rushes</a> (1851–1914)</li> <li><a href="/wiki/Fraser_Canyon_Gold_Rush" title="Fraser Canyon Gold Rush">Fraser Canyon Gold Rush</a> (1858)</li> <li><a href="/wiki/Pike%27s_Peak_gold_rush" title="Pike's Peak gold rush">Pike's Peak gold rush</a> (1858–1861)</li> <li><a href="/wiki/Rock_Creek_Gold_Rush" title="Rock Creek Gold Rush">Rock Creek Gold Rush</a> (1859)</li> <li><a href="/wiki/Pennsylvania_oil_rush" title="Pennsylvania oil rush">Pennsylvania oil rush</a> (1859–1891)</li> <li><a href="/wiki/Similkameen_Gold_Rush" title="Similkameen Gold Rush">Similkameen Gold Rush</a> (1860)</li> <li><a href="/wiki/Stikine_Gold_Rush" title="Stikine Gold Rush">Stikine Gold Rush</a> (1861)</li> <li><a href="/wiki/Steamboats_of_the_Colorado_River" title="Steamboats of the Colorado River">Colorado River mining boom</a> (1861–1864)</li> <li><a href="/wiki/Otago_gold_rush" title="Otago gold rush">Otago gold rush</a> (1861–1864)</li> <li><a href="/wiki/Cariboo_Gold_Rush" title="Cariboo Gold Rush">Cariboo Gold Rush</a> (1861–1867)</li> <li><a href="/wiki/Gold_mining_in_Nova_Scotia" title="Gold mining in Nova Scotia">First Nova Scotia Gold Rush</a> (1861–1874)</li> <li><a href="/wiki/West_Coast_gold_rush" title="West Coast gold rush">West Coast gold rush</a> (1864–1867)</li> <li><a href="/wiki/Big_Bend_Gold_Rush" title="Big Bend Gold Rush">Big Bend Gold Rush</a> (c. 1865)</li> <li><a href="/wiki/Vermilion_Lake_gold_rush" title="Vermilion Lake gold rush">Vermilion Lake gold rush</a> (1865–1867)</li> <li><a href="/wiki/Kildonan_Gold_Rush" title="Kildonan Gold Rush">Kildonan Gold Rush</a> (1869)</li> <li><a href="/wiki/Omineca_Gold_Rush" title="Omineca Gold Rush">Omineca Gold Rush</a> (1869)</li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Second_Industrial_Revolution" title="Second Industrial Revolution">2nd Industrial Revolution</a><br />(1870–1914)</th><td class="navbox-list-with-group navbox-list navbox-even hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Lapland_gold_rush" title="Lapland gold rush">1870s Lapland gold rush</a></li> <li><a href="/wiki/Coromandel_Gold_Rushes" title="Coromandel Gold Rushes">Coromandel Gold Rushes</a> (c. 1870–c. 1890)</li> <li><a href="/wiki/Cassiar_Country" title="Cassiar Country">Cassiar Gold Rush</a> (c. 1870–c. 1890)</li> <li><a href="/wiki/Black_Hills_gold_rush" title="Black Hills gold rush">Black Hills gold rush</a> (1874–1880)</li> <li><a href="/wiki/Colorado_Silver_Boom" title="Colorado Silver Boom">Colorado Silver Boom</a> (1879–1893)</li> <li><a href="/wiki/Western_Australian_gold_rushes" title="Western Australian gold rushes">Western Australian gold rushes</a> (c. 1880–c. 1900)</li> <li><a href="/wiki/Indiana_gas_boom" title="Indiana gas boom">Indiana gas boom</a> (c. 1880–1903)</li> <li><a href="/wiki/Petroleum_industry_in_Ohio" title="Petroleum industry in Ohio">Ohio oil rush</a> (c. 1880–c. 1930)</li> <li><a href="/wiki/Tierra_del_Fuego_gold_rush" title="Tierra del Fuego gold rush">Tierra del Fuego gold rush</a> (1883–1906)</li> <li><a href="/wiki/Cayoosh_Gold_Rush" title="Cayoosh Gold Rush">Cayoosh Gold Rush</a> (1884)</li> <li><a href="/wiki/Witwatersrand_Gold_Rush" title="Witwatersrand Gold Rush">Witwatersrand Gold Rush</a> (1886)</li> <li><a href="/wiki/Encilhamento" title="Encilhamento">Encilhamento</a> (1886–1890)</li> <li><a href="/wiki/Cripple_Creek_Gold_Rush" title="Cripple Creek Gold Rush">Cripple Creek Gold Rush</a> (c. 1890–c. 1910)</li> <li><a href="/wiki/Klondike_Gold_Rush" title="Klondike Gold Rush">Klondike Gold Rush</a> (1896–1899)</li> <li><a href="/wiki/Gold_mining_in_Nova_Scotia" title="Gold mining in Nova Scotia">Second Nova Scotia Gold Rush</a> (1896–1903)</li> <li><a href="/wiki/Kobuk_River_Stampede" title="Kobuk River Stampede">Kobuk River Stampede</a> (1897–1899)</li> <li><a href="/wiki/Mount_Baker_gold_rush" title="Mount Baker gold rush">Mount Baker gold rush</a> (1897–c. 1925)</li> <li><a href="/wiki/Nome_Gold_Rush" title="Nome Gold Rush">Nome Gold Rush</a> (1899–1909)</li> <li><a href="/wiki/Fairbanks_Gold_Rush" title="Fairbanks Gold Rush">Fairbanks Gold Rush</a> (c. 1900–1918)</li> <li><a href="/wiki/Texas_oil_boom" title="Texas oil boom">Texas oil boom</a> (1901–1918)</li> <li><a href="/wiki/Cobalt_silver_rush" title="Cobalt silver rush">Cobalt silver rush</a> (1903–1918)</li> <li><a href="/wiki/Porcupine_Gold_Rush" title="Porcupine Gold Rush">Porcupine Gold Rush</a> (1909–1918)</li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Interwar_period" title="Interwar period">Interwar period</a><br />(1918–1939)</th><td class="navbox-list-with-group navbox-list navbox-odd hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Florida_land_boom_of_the_1920s" title="Florida land boom of the 1920s">1920s Florida land boom</a> (c. 1920–1925)</li> <li><a href="/wiki/Fairbanks_Gold_Rush" title="Fairbanks Gold Rush">Fairbanks Gold Rush</a> (1918–c. 1930)</li> <li><a href="/wiki/Texas_oil_boom" title="Texas oil boom">Texas oil boom</a> (1918–1945)</li> <li><a href="/wiki/Cobalt_silver_rush" title="Cobalt silver rush">Cobalt silver rush</a> (1918–c. 1930)</li> <li><a href="/wiki/Porcupine_Gold_Rush" title="Porcupine Gold Rush">Porcupine Gold Rush</a> (1918–1945)</li> <li><a href="/wiki/Kakamega_gold_rush" title="Kakamega gold rush">1930s Kakamega gold rush</a></li> <li><a href="/wiki/Gold_mining_in_Nova_Scotia" title="Gold mining in Nova Scotia">Third Nova Scotia Gold Rush</a> (1932–1942)</li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Post%E2%80%93World_War_II_economic_expansion" title="Post–World War II economic expansion">Post–WWII expansion</a><br />(1945–1973)</th><td class="navbox-list-with-group navbox-list navbox-even hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Texas_oil_boom" title="Texas oil boom">Texas oil boom</a> (1945–c. 1950)</li> <li><a href="/wiki/Porcupine_Gold_Rush" title="Porcupine Gold Rush">Porcupine Gold Rush</a> (1945–c. 1960)</li> <li><a href="/wiki/Poseidon_bubble" title="Poseidon bubble">Poseidon bubble</a> (1969–1970)</li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Stagflation" title="Stagflation">The Great Inflation</a><br />(1973–1982)</th><td class="navbox-list-with-group navbox-list navbox-odd hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/1970s_commodities_boom" title="1970s commodities boom">1970s commodities boom</a></li> <li><a href="/wiki/Mexican_oil_boom" title="Mexican oil boom">Mexican oil boom</a> (1977–1981)</li> <li><a href="/wiki/Silver_Thursday" title="Silver Thursday">Silver Thursday</a> (1980)</li> <li><a href="/wiki/New_Zealand_property_bubble" title="New Zealand property bubble">New Zealand property bubble</a> (c. 1980–1982)</li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Great_Moderation" title="Great Moderation">Great Moderation</a>/<br /><a href="/wiki/Great_Regression" class="mw-redirect" title="Great Regression">Great Regression</a><br />(1982–2007)</th><td class="navbox-list-with-group navbox-list navbox-even hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/1980s_oil_glut" title="1980s oil glut">1980s oil glut</a></li> <li><a href="/wiki/New_Zealand_property_bubble" title="New Zealand property bubble">New Zealand property bubble</a> (1982–)</li> <li><a href="/wiki/Spanish_property_bubble" title="Spanish property bubble">Spanish property bubble</a> (1985–2008)</li> <li><a href="/wiki/Japanese_asset_price_bubble" title="Japanese asset price bubble">Japanese asset price bubble</a> (1986–1990)</li> <li><a href="/wiki/Dot-com_bubble" title="Dot-com bubble">Dot-com bubble</a> (1995–2000)</li> <li><a href="/wiki/Baltic_states_housing_bubble" title="Baltic states housing bubble">Baltic states housing bubble</a> (2000–2006)</li> <li><a href="/wiki/Irish_property_bubble" title="Irish property bubble">Irish property bubble</a> (c. 2000–2007)</li> <li><a href="/wiki/2000s_commodities_boom" title="2000s commodities boom">2000s commodities boom</a> (2000–2008)</li> <li><a href="/wiki/Danish_property_bubble_of_2000s" title="Danish property bubble of 2000s">2000s Danish property bubble</a> (2001–2006)</li> <li><a href="/wiki/2000s_United_States_housing_bubble" title="2000s United States housing bubble">United States housing bubble</a> (2002–2006)</li> <li><a href="/wiki/Romanian_property_bubble" title="Romanian property bubble">Romanian property bubble</a> (2002–2007)</li> <li><a href="/wiki/Polish_property_bubble" title="Polish property bubble">Polish property bubble</a> (2002–2008)</li> <li><a href="/wiki/Canadian_property_bubble" title="Canadian property bubble">Canadian property bubble</a> (2002–)</li> <li><a href="/wiki/Chinese_property_bubble_(2005%E2%80%932011)" title="Chinese property bubble (2005–2011)">Chinese property bubble</a> (2005–2011)</li> <li><a href="/wiki/Lebanese_housing_bubble" title="Lebanese housing bubble">Lebanese housing bubble</a> (2005–2008)</li></ul> <ul><li><a href="/wiki/Chinese_stock_bubble_of_2007" title="Chinese stock bubble of 2007">Chinese stock bubble of 2007</a></li> <li><a href="/wiki/Uranium_bubble_of_2007" title="Uranium bubble of 2007">Uranium bubble of 2007</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Information_Age" title="Information Age">Information Age</a><br />(2007–present)</th><td class="navbox-list-with-group navbox-list navbox-odd hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/2000s_commodities_boom" title="2000s commodities boom">2000s commodities boom</a> (2008–2014)</li> <li><a href="/wiki/Lebanese_housing_bubble" title="Lebanese housing bubble">Lebanese housing bubble</a> (2008–)</li> <li><a href="/wiki/Corporate_debt_bubble" title="Corporate debt bubble">Corporate debt bubble</a> (2008–)</li> <li><a href="/wiki/Australian_property_bubble" title="Australian property bubble">Australian property bubble</a> (2010–)</li> <li><a href="/wiki/Cryptocurrency_bubble" title="Cryptocurrency bubble">Cryptocurrency bubble</a> (2011–)</li> <li><a href="/wiki/Everything_bubble" title="Everything bubble">Everything bubble</a> (2020–21)</li></ul> </div></td></tr><tr><td class="navbox-abovebelow" colspan="2"><div> <ul><li><a href="/wiki/Carbon_bubble" title="Carbon bubble">Carbon bubble</a></li> <li><a href="/wiki/Green_bubble" title="Green bubble">Green bubble</a></li> <li><a href="/wiki/Social_media_stock_bubble" title="Social media stock bubble">Social media stock bubble</a></li> <li><a href="/wiki/Unicorn_bubble" title="Unicorn bubble">Unicorn bubble</a></li> <li><a href="/wiki/Higher_education_bubble_in_the_United_States" title="Higher education bubble in the United States">U.S. higher education bubble</a></li></ul> </div></td></tr></tbody></table></div>    </div><noscript><img src="https://login.wikimedia.org/wiki/Special:CentralAutoLogin/start?useformat=desktop&type=1x1&usesul3=0" alt="" width="1" height="1" style="border: none; position: absolute;"></noscript> <div class="printfooter" data-nosnippet="">Retrieved from "<a dir="ltr" href="https://en.wikipedia.org/w/index.php?title=Alabama_real_estate_bubble_of_the_1810s&oldid=1272104701">https://en.wikipedia.org/w/index.php?title=Alabama_real_estate_bubble_of_the_1810s&oldid=1272104701</a>"</div></div> <div id="catlinks" class="catlinks" data-mw="interface"><div 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