Financial Panic Begins

Historical Context Note

Lucas Paul Richert (University of Saskatchewan)

The Literary Encyclopedia. Volume 3.2.2: American (US) Writing and Culture: The Nineteenth Century, 1783-1900.
Vol. editors: J. Michael Duvall (College of Charleston), Emory Elliott (University of California, Riverside), Stephen E. Meats (Pittsburg State University), Tony Papanikolas (San Jose State University)

Domains

Economic Crises

Dates

Date of occurrence 1893

Places

United States (Location)

Resources

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In 1893, widespread financial panic struck the United States. The root of this panic can be traced to overproduction and British and American financial crises in 1890. By 1893, pessimism was at ahigh. That year a stock market panic led to widespread bank failures and, subsequently, a four-year depression.

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46 words

Citation: Richert, Lucas Paul. "Financial Panic Begins". The Literary Encyclopedia. First published 01 February 2009 [https://www.litencyc.com/php/stopics.php?rec=true&UID=5986, accessed 08 May 2024.]

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