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The Panic of 1893 was an economic depression in the United States that began in 1893 and ended in 1897. [1] It deeply affected every sector of the economy and produced political upheaval that led to the political realignment of 1896 and the presidency of William McKinley .
Jul 4, 2017 · Learn how the debate over U.S. monetary policy led to the worst depression in U.S. history up to that time. Explore the causes, effects and legacy of the Panic of 1893, which sparked a four-year crisis and a shift in political parties.
Dec 4, 2015 · The Panic of 1893 was one of the most severe financial crises in the history of the United States. The crisis started with banks in the interior of the country. Instability arose for two key reasons. First, gold reserves maintained by the U.S. Treasury fell to about $100 million from $190 million in 1890.
Oct 1, 2019 · In the late spring of that year a four-month spasm of financial hysteria known as the Panic of 1893 swept the country. During the depression that followed, banks and businesses failed by the thousands, railroads went bankrupt, credit essentially froze, unemployment soared, and tens of thousands of ordinary people lost their homes and savings.
May 23, 2018 · Learn about the financial crisis that plunged the United States into a severe depression in 1893, and the social and political consequences of the economic turmoil. Find out how the Populist Party, the Sherman Antitrust Act, and the Pullman Strike were related to the Panic of 1893.
Learn how Florence Kelley and her colleagues chronicled the economic conditions of Chicago during the financial crisis of 1893-1894, when banks failed, businesses closed, and unemployment rose. Explore the causes, consequences, and political implications of the panic, as well as its international and historical context.
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May 13, 2016 · How a shift toward bimetallism and a gold shortage triggered the Panic of 1893 and a severe depression in the U.S. Learn about the economic and political debates over silver and gold, and the role of the Sherman Act and the Cross of Gold speech.
