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The Panic of 1893 was an economic depression in the United States. It began in February 1893 and officially ended eight months later, but the effects from it continued to be felt until 1897. [ 1 ] It was the most serious economic depression in history until the Great Depression of the 1930s.
For them, the Gilded Age was marked by depressions, unemployment and bloody strikes. The 1873 depression lasted until at least 1877. The 1880s brought mass demonstrations, and, in 1886, the first anarchist bombing. Strikes spread across the country in 1894. The depression of 1893 lasted until 1897. [54] [55]
The nationwide depression known as the Panic of 1893 began in January 1893, and company president and politician Charles Foster filed for personal bankruptcy a few months later. The company merged with the Pittsburgh-based company Wallace & McAfee near the end of 1893, and the combined company was called Consolidated Lamp and Glass Company ...
The Great Depression and the subsequent sweeping financial reforms implemented during President Franklin D. Roosevelt's first term severely eroded J.P. Morgan & Co.'s power, particularly once the ...
The American Civil War ended in April 1865, and the country entered a lengthy period of general deflation that lasted until 1896. The United States occasionally experienced periods of recession during the Reconstruction Era. Production increased in the years following the Civil War, but the country still had financial difficulties. [19]
In 1897 the economy rapidly recovered from the severe depression, called the Panic of 1893. McKinley's supporters in 1900 postulated that the new tariff and the commitment to the gold standard were responsible. McKinley is consistently ranked by political historians in the upper tier of United States presidents. On William McKinley, historian ...
The Long Depression was a worldwide price and economic recession, beginning in 1873 and running either through March 1879, or 1899, depending on the metrics used. [1] It was most severe in Europe and the United States, which had been experiencing strong economic growth fueled by the Second Industrial Revolution in the decade following the American Civil War.
On this day in economic and business history ... In most respects, April 28, 1942, was much like any other day of the Great Depression era for American markets. "The stock market lacked buying ...