Historedia
Person

Langdon Cheves

Events
1
Episodes
3
Years
1818

Every event in Historedia whose sources name Langdon Cheves, with the role they cite and all of that event’s episodes. This is not a biography, and mentions are grouped by name, so two people with the same name can share this page.

Events and episodes

  1. Second Bank of the United States reverses credit policy

    1818

    Role: Successor president of the Second Bank of the United States (from March 1819, after this event's core window)

    1. 1818 · Second Bank of the United States headquarters (institutional context); curtailment initiated by western branchesInitiation of Credit Contraction

      The Second Bank initiated a sharp curtailment in loans by its western branches beginning in 1818, seeking to compensate for its laxness in regulating state bank credit markets.

    2. July 1818 · Philadelphia, PennsylvaniaUnsustainable Liability Ratio

      By July 1818, the bank's demand liabilities exceeded $22.4 million against a $2.4 million specie fund, creating a 10:1 ratio double the sustainable level.

    3. August 1818 · Second Bank of the United States headquarters (institutional context); acting branch offices not located in passagesRejection of State Banknotes

      In August 1818, with credit dangerously overextended, branch offices began rejecting all state-chartered banknotes under the direction of William Jones.

Sources

  1. Panic of 1819 Wikipedia, revision of 2026-07-01
  2. Second Bank of the United States Wikipedia, revision of 2026-09-04