The long depression (sep 1, 1873 – mar 1, 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)
Added to timeline:
Date:
sep 1, 1873
mar 1, 1896
~ 22 years