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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.
A native of Holly Springs in northern Mississippi, 19-year-old Crump moved to Memphis, Tennessee, on September 21, 1893, according to the Holly Springs Reporter. [1] When he first arrived in Memphis, the ongoing Panic of 1893, possibly the worst recession in the United States to that time, made it hard for Crump to find work.
During the severe nationwide depression of 1893, Pingree expanded the public welfare programs, initiated public works for the unemployed, built new schools, parks, and public baths. He gained national recognition through his "potato patch plan", which allowed poor people to use 430 acres (170 ha) [ 8 ] of vacant city land for growing food.
But the conflict ended with the evacuation of the area in July 1893. The main source for the event is a 1906 publication by Kahikina Kelekona (John Sheldon), preserving the story as told by Piilani, Kaluaikoolau's widow. [16] [17] During the span of 1893–1894 the Enid-Pond Creek Railroad War was fought in the Oklahoma Territory.
In 2014, the Tennessee General Assembly created the Tennessee Promise, which allows in-state high school graduates to enroll in two-year post-secondary education programs such as associate degrees and certificates at community colleges and trade schools in Tennessee tuition-free, funded by the state lottery, if they meet certain requirements. [13]
Conquistador Hernando de Soto, first European to visit Tennessee. In the 16th century, three Spanish expeditions passed through what is now Tennessee. [12] The Hernando de Soto expedition entered the Tennessee Valley via the Nolichucky River in June 1540, rested for several weeks at the village of Chiaha (near the modern Douglas Dam), and proceeded southward to the Coosa chiefdom in northern ...
Feb. 5—Tennessee's proposed budget for fiscal 2023 is $52.6 billion — with 41 cents of every dollar to be spent on education. The new spending plan ups Tennessee's ante for education, now ...
The Progressive Era was one of general prosperity after the Panic of 1893—a severe depression—ended in 1897. The Panic of 1907 was short and mostly affected financiers. However, Campbell (2005) stresses the weak points of the economy in 1907–1914, linking them to public demands for more Progressive interventions.