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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.
~2 years ~3 years A boom of war-time activity led to a decline after the Peace of Amiens ended the war between the United Kingdom and France. Commodity prices fell dramatically. Trade was disrupted by pirates, leading to the First Barbary War. [9] Depression of 1807 1807–1810 ~ 3 years ~3 years
May 1 – The 1893 World's Fair, also known as the World's Columbian Exposition, opens to the public in Chicago, Illinois. The first U.S. commemorative postage stamps and Coins are issued for the Exposition. Pabst Blue Ribbon wins an award for the best beer. [1] May 5 – Panic of 1893: A crash on the New York Stock Exchange starts a depression.
World's Columbian Exposition, 1893. May 1-October 30, 1893 - The 1893 World's Fair, also known as the World's Columbian Exposition, was held in Chicago, Illinois to celebrate the 400th anniversary of Christopher Columbus's discovery of the New World. The Exposition was an influential social and cultural event and had a profound effect on ...
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.
Jennie Curtis who lived in Pullman was president of seamstress union ARU LOCAL 269 gave a speech at the ARU convention urging people to strike. [2] [3] As the Panic of 1893 weakened much of the economy, railroad companies ceased purchasing new passenger cars made by Pullman. The company laid off workers and reduced the wages of retained workers.
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 confidence today and leading issues retreated
The Economies of Africa and Asia in the Inter-War Depression (1989) Davis, Joseph S. The World Between the Wars, 1919–39: An Economist's View (1974) Barry Eichengreen (1996), Golden Fetters: The Gold Standard and the Great Depression, 1919–1939 (NBER Series on Long-Term Factors in Economic Development) ISBN 0-19-510113-8