1 Jan 1893 Jahr - Depression Politics: Panic of 1893

Beschreibung:

In 1893 the stock market crashed due to over speculation and as well as dozens of railroads going into bankruptcy because of over building. This depression went on for around 4 years and caused farm foreclosures to reach new highs as well as unemployment to reach 20% of the workforce. This led to many people relying on soup kitchens and rail riding like hobos. President Cleveland added to deal with this crisis by championing the gold standard.

Zugefügt zum Band der Zeit:

Datum:

Abbildungen: