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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.
Until the start of the COVID-19 recession in 2020, no post-World War II era came anywhere near the depth of the Great Depression. In the Great Depression, GDP fell by 27% (the deepest after demobilization is the recession beginning in December 2007, during which GDP had fallen 5.1% by the second quarter of 2009) and the unemployment rate ...
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.
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.
The period featured a transformation from the issues of the Third Party System, which had focused on the American Civil War, Reconstruction, race, and monetary issues. The era began in the severe depression of 1893 and the extraordinarily intense election of 1896. It included the Progressive Era, World War I, and the start of the Great 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 ...
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
World War I: 1917–1918 Roaring Twenties: 1918–1929 Great Depression: 1929–1941 World War II: 1941–1945: 1945–1964 Post-World War II Era: 1945–1964 Civil Rights Era: 1954–1968: 1964–1980 Civil Rights Era: 1954–1968 Vietnam War: 1964–1975: 1980–1991 Reagan Era: 1981–1991: 1991–2008