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Amongst large businesses, several of the largest companies and employers in the world are American companies. Amongst them are Walmart, which is both the largest company and the largest private sector employer in the world. Walmart employs 2.1 million people worldwide and 1.4 million in the U.S. alone. [153] [154]
The inability of the West to sell its crops hurt businesses in other regions, such as New England, which manufactured shoes sold in the West. Cotton and tobacco prices fell, but unlike grains, soon recovered. [118] The panic left many northern wage earners unemployed, most temporarily, but high unemployment lingered for a couple of years. [118]
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