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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.
One of the real impetuses for the United States entering the Industrial Revolution was the passage of the Embargo Act of 1807, the War of 1812 (1812–15) and the Napoleonic Wars (1803–15) which cut off supplies of new and cheaper Industrial revolution products from Britain. The lack of access to these goods all provided a strong incentive to ...
The Second Industrial Revolution, also known as the Technological Revolution, [1] was a phase of rapid scientific discovery, standardisation, mass production and industrialisation from the late 19th century into the early 20th century.
The Great Deflation or the Great Sag refers to the period from 1870 until 1890 in which the world prices of goods, materials and labor decreased, although at a low rate of less than 2% annually. [1] This was one of the few sustained periods of deflationary growth in the history of the United States. [citation needed]
The creation of a dense network in the Lowlands with connections to England would take until the 1870s to complete. [49] A series of amalgamations meant that five main companies operated 98 per cent of the system by the 1860s. The capital invested in Scottish railways was £26.6 million in 1859 and by 1900 it had reached £166.1 million.
The book is remarkable for two reasons—it is the only novel Twain wrote with a collaborator, and its title very quickly became synonymous with graft, materialism, and corruption in public life. The novel gave the era its nickname: the period of U.S. history from the 1870s to about 1900 is now referred to as the Gilded Age.
On the other side, she casts a drugged cake to the three-headed watchdog Cerberus, who swallows it and falls asleep. [6] Once in the Underworld, Aeneas tries talking to some shades, and listens to the Sibyl speak of places, like Tartarus , where he sees a large prison, fenced by a triple wall, with wicked men being punished, and bordered by the ...
Between 1871 and 1910, the number of Germans who lived in urban areas significantly increased. [1] While the percentage of Germans who lived in communities (localities) with less than 2,000 people decreased from 64% to 40% between 1871 and 1910, the percentage of Germans who lived in communities with 20,000 to 99,999 people increased from 8% to 13% and the percentage of Germans who lived in ...