Great Depression (jan 1, 1873 – jan 1, 1896)
Description:
--> battle of standards (Silver vs. Gold)--> decline in farm prices while farm equipment prices
remained the same (agrarian crisis)
--> agrarian crisis led to an industrial crisis
--> deflation (led to unemployment and wage reductions)
Added to timeline:
Date:
jan 1, 1873
jan 1, 1896
~ 23 years