John Magill is curator and historian at The Historic New Orleans Collection. This podcast is the fourth in a series of six podcasts that highlight New Orleans' history.

In this podcast, John describes how the New Orleans economy developed and changed in the period between the 1803 Louisiana Purchase and the Civil War years. John explains why banking in New Orleans was so successful during the 1820s,  details the years leading up to the crash of 1837 and explains what caused that crash.

John also talks about how trade in the United States gradually moved from east to west instead of from north to south as it had been earlier and tells us why the change in direction made a significant difference in the city's economy. Listen here!