Here are some one liners...
Dartmouth College and the Divine Right of Democracies -- The legislature thinks that a vote allows them to change a private contract to suit themselves. Well... no. Not really.
The Panic of 1819 -- The American economy goes down the crapper after easy money policies cause too many risky loans to be made.
In Other News -- Kiddie work hours reduced, the first steamship crosses the Atlantic and Singapore!
Dartmouth College and the Divine Right of Democracies
- "It is... a small college. And yet there are those who love it!" -- Daniel Webster during oral arguments before the US Supreme Court. 
The Panic of 1819The world economy is still in chaos after the end of the Napoleonic Wars. After all... if governments are no longer spending millions on gunpowder, muskets and ships, those industries must cut back while they find new markets to exploit. Workers must find other things to do and it takes a considerable time to adjust. The American economy has been going down the crapper even faster due to the dubious help of government policy. Excessive land speculation fueled by the easy money policies of the 2nd Bank of the United States have set up the USA for a fall. When the Bank of the US pulls back and shrinks the money supply (and thus returns to more conservative lending practices) the state banks panic and call in their loans. Well... the investments those loans represent have not yet ripened (if they ever will). The loans fail, the banks fall and down it all comes. Americans look around and ask themselves what the heck the government has been up to lately. Apparently, nothing good. Trust in government has gone bye-bye.    
In Other News
- The SS Savannah is the 1st steamship to cross the Atlantic. It uses steam for a short while. Most of the trip uses wind-power. 
- Singapore becomes a British colony. They are challenging the Dutch commercial presence in the same region.