The Panic of 1819 is a good case in point. Neptune in Sagittarius had created in inflation due to the War of 1812. The war led to a price inflation that sent wholesale prices up 35% from 1811 to 1815. From 1811 to 1815, the number of banks rose from 117 to 212. With foreign trade cut off by the conflict, some important commodities rose by 70%.
Banks tended to inflate the currency in the following way. They held legal money, specie (gold and silver), but they issued notes in excess of the amount of money that they had on deposit. As a result, bank notes tended to depreciate in proportion to their distance from the home office because transportation costs were high and communication was poor. Up sprang a generation of money brokers, who would buy up bank bills and travel to the bank to demand payment.
During this time, there was a transiting T-square of Neptune opposite the Uranian planet Apollon*, both square Pluto. Pluto is the planet of government, and they played a big part in the inflationary boom. Here is how. During the panic of 1819, the states of Pennsylvania and Maryland enacted laws on February 15 that compelled banks to pay off their bills in specie, or lose their charters. Two days later, the states passed laws relieving the banks of such obligations to brokers, “the major force ensuring the people of this state from the evil arising from the demands made on the banks of this state for gold and silver by brokers.” The governments protected the banks by blocking those who sought legal money for their paper. The government (Pluto) aided in the fraud (Neptune).
*Apollon symbolizes peace, honor, fame, pursuit of glory. Note that a statue of the god Apollo depicts him as chasing the Sun. This planet brings a desire to pursue or to be on a quest. Apollon-Mercury would confer a desire to know. Whereas Jupiter represents size, Apollon represents many. Apollon brings multiplication or proliferation. A man with Mercury/Apollon= MC was a magazine distributor. Jupiter-Apollon represents money in circulation. This planet rules free trade, as we will see in the horoscope of President Andrew Jackson.
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