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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.
An economic depression began in January 1893, becoming known as the Panic of 1893. [63] Fostoria Shade and Lamp Company had done well enough in 1892 that it declared a cash dividend in the spring of 1893. Charles Foster completed his term as United States Secretary of the Treasury, and was re-elected president of Fostoria Shade and Lamp Company ...
1893: The Panic of 1893 set off a widespread economic depression in the United States of America that lasts until 1897. One of the first signs of trouble was the bankruptcy of the Philadelphia and Reading Railroad , which had greatly over-extended itself, on February 23, 1893, [ 51 ] ten days before Grover Cleveland 's second inauguration. [ 52 ]
The Great Depression was the worst economic crisis in US history. More than 15 million Americans were left jobless and unemployment reached 25%. 25 vintage photos show how desperate and desolate ...
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.
The storm left at least 2,000 people dead and 30,000 ... some victims saw the end of a way of life. ... This article originally appeared on Bluffton Today: Sea Islands Hurricane of 1893 devastated ...
Five people died, 4,000 were left homeless, and property damages were estimated at $2.5 million. [14] Now the wreckage of a shed or outhouse would move by, followed by a drowned swine or other livestock. The construction forces of the Texas & Pacific worked feverishly to safeguard the long trestle carrying their tracks across the stream.
Maritime historians recently found the historic schooner Margaret A. Muir, which was lost in a terrible gale on the morning of September 30, 1893, just a few miles off a Wisconsin harbor town.