Panic of 1893 - Research Article from St. James Encyclopedia of Labor History Worldwide

This encyclopedia article consists of approximately 7 pages of information about Panic of 1893.
This section contains 1,941 words
(approx. 7 pages at 300 words per page)
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United States 1893

Synopsis

A financial panic in May 1893 led the United States into the worst economic depression it had experienced up to that point in its history. Following the collapse of several Wall Street brokerage houses, over 600 banks and 16,000 businesses failed by the end of the year. National unemployment reached an estimated 20 percent in the first year of the crisis, and only a few cities managed to provide relief of any kind. The agricultural sector, already experiencing a slump, also felt the aftereffects of the panic. As thousands of farmers lost their land, the Populist Party gained momentum as a voice of reform and government intervention in the economy. The party reached a peak in 1896 when it endorsed the Democratic candidate for president, William Jennings Bryan, for office. Although he lost the election, Bryan's "Cross of Gold" speech in support of a free silver monetary policy...

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This section contains 1,941 words
(approx. 7 pages at 300 words per page)
Buy the Panic of 1893 Encyclopedia Article
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Gale
Panic of 1893 from Gale. ©2005-2006 Thomson Gale, a part of the Thomson Corporation. All rights reserved.
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