Panic of 1893 (20 Feb 1893 Jahr – 1 Jan 1897 Jahr)
Beschreibung:
February 20, 1893 - the appointment of receivers for the Philadelphia and Reading Railroad, which had greatly overextended itself. Upon taking office, Cleveland dealt directly with the Treasury crisis and successfully convinced Congress to repeal the Sherman Silver Purchase Act, which he felt was mainly responsible for the economic crisis. This date can be considered the first of the signs of the beginning of the crisis.Zugefügt zum Band der Zeit:
Datum:
20 Feb 1893 Jahr
1 Jan 1897 Jahr
~ 3 years and 10 months
