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Financial Panic of 1857
- The financial Panic of 1857 was the main cause of Nininger’s failure. Due to economic woes nationwide, investors were no longer willing to make loans. Local banks that had financed the growth of the town were pressured to pay back the eastern speculators who had loaned them money.
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Feb 25, 2014 · The financial Panic of 1857 was the main cause of Nininger’s failure. Due to economic woes nationwide, investors were no longer willing to make loans. Local banks that had financed the...
6 days ago · The Panic of 1857 was the main cause of Nininger’s failure. Due to economic woes nationwide, investors were no longer willing to make loans. Local banks that had financed the growth of the town were pressured to pay back the eastern speculators who had loaned them money.
Jun 23, 2022 · Ultimately, there were four causes that led to the setback of Nininger. Firstly was the Panic of 1857. Second was peace in Kansas which encouraged emigration to the territory of Kansas over Minnesota.
Mar 26, 2014 · Nininger City was, for a brief two or three years, a bustling port of at as many as 1,000 citizens, with sawmills, factories, hotels, saloons, a dance hall, a baseball team, and active fraternal ...
- Andy Sturdevant
Nininger was located on the south bank of the Missis sippi River about twenty-five miles below St. Paul. Has tings, the rival of Nininger, lay five miles farther down the river, but by wagon road the distance between the two towns was only three miles. Nininger boosters never claimed a population of over a thousand, a figure probably
One American officer reported that three Japanese soldiers then charged Nininger. The Lieutenant, somehow, managed to parry their attack before falling to the ground from exhaustion. Exploiting Nininger’s initiative, the regimental counterattack by the 2nd Battalion re-established the line.
History. The city of Nininger was founded and named by John Nininger, brother in-law of territorial and state Governor Alexander Ramsey. Nininger incorporated during the winter of 1857 or 1858. [1] Nininger had high hopes for his namesake city to become state capital, and indeed its population did reach nearly 1,000 by the spring of 1858.
