Panic of 1893: Causes and Consequences

A severe economic recession in the United States that began in 1893, characterized by widespread bank failures, business closures, and unemployment.

Grover Cleveland served as the 22nd and 24th President of the United States, holding two non-consecutive terms.

The period during Grover Cleveland's presidency was marked by the Panic of 1893, a major economic crisis that significantly impacted the nation.

President Grover Cleveland faced a number of challenges during his presidency, including the Panic of 1893 and various domestic and foreign policy issues.

The economic downturn of the Panic of 1893 had a significant effect on American society, leading to widespread unemployment and poverty.

The practice of investing heavily in something with the hope of making a quick and large profit, often involving risky speculation.

A situation where many people line up at banks demanding to withdraw their money, often due to fear or lack of confidence in the bank's stability.

The drastic decline in the value of goods and services, often associated with economic downturns.

A labor strike that took place in 1894 in Chicago, led by workers of the Pullman Palace Car Company protesting wage cuts.

The period from the late 19th century to the early 20th century in America, characterized by rapid industrialization and economic growth, but also social inequality and corruption.

A situation where the demand for labor decreases, leading to widespread unemployment and economic hardship.

A president during the Panic of 1893, known for his efforts to address the crisis and stabilize the economy.

A severe economic downturn in the United States that began in 1893, characterized by widespread bank failures, business closures, and unemployment.

The practice of investing heavily in something with the hope of making a quick and large profit, often involving risky speculation.

A situation where many people line up at banks demanding to withdraw their money, often due to fear or lack of confidence in the bank's stability.

The drastic decline in the value of goods and services, often associated with economic downturns.

A labor strike that took place in 1894 in Chicago, led by workers of the Pullman Palace Car Company protesting wage cuts.