The long depression (1 sept. 1873 – 1 mars 1896)
Description:
The "Long Depression"was a long economic slump caused by a financial crash, bank failures, and bad railroad investments. It led to "deflation, high unemployment, and slow growth", mainly in Europe and the U.S., but some industries still advanced.(date is approximate)
Ajouté au bande de temps:
Date:
1 sept. 1873
1 mars 1896
~ 22 years