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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.
Before 1800, France was the most populated country in Europe, with a population of 17 million in 1400, 20 million in the 17th century, and 28 million in 1789. [ citation needed ] The 17th and 18th centuries saw a steady increase in urban populations, although France remained a profoundly rural country, with less than 10% of the population ...
A bank run on the Fourth National Bank No. 20 Nassau Street, New York City, from Frank Leslie's Illustrated Newspaper, 4 October 1873. The Panic of 1873 was a financial crisis that triggered an economic depression in Europe and North America that lasted from 1873 to 1877 or 1879 in France and in Britain.
Eventually, Indian subcontinent and China accounted for more than half the size of the world economy for the next 1,500 years. In the Middle Ages, the world economy slowly expanded with the increase of population and trade. During the early period of the Middle Ages, Europe was an economic backwater.
Puddling became widely used after 1800. Up to that time, British iron manufacturers had used considerable amounts of iron imported from Sweden and Russia to supplement domestic supplies. Because of the increased British production, imports began to decline in 1785, and by the 1790s Britain eliminated imports and became a net exporter of bar iron.
Change in per capita GDP of France, 1820–2018. Figures are inflation-adjusted to 2011 international dollars. The economic history of France involves major events and trends, including the elaboration and extension of the seigneurial economic system (including the enserfment of peasants) in the medieval Kingdom of France, the development of the French colonial empire in the early modern ...
People were told to stay at home and not even go into work, and many businesses were effectively shut down. As a result, unemployment spiked dramatically in the springtime of 2020, hitting levels ...
The first mass work stoppage in the 195-year history of the United States Post Office Department began with a walkout of letter carriers in Brooklyn and Manhattan, [42] soon involving 210,000 of the nation's 750,000 postal employees. With mail service virtually paralyzed in New York, Detroit, and Philadelphia, President Nixon declared a state ...