Panic of 1893 (1 jan 1893 ano – 1 jan 1897 ano)

Descrição:

As Cleveland came into office, the stock market crashed and triggered the most severe downturn in American history to this point. It was the result of over-speculation and railroad bankruptcies. In response, Cleveland took a “hands off” approach and championed the gold standard. The economic crisis led to gains for the People’s Party.

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