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The 1890s (pronounced "eighteen-nineties") was a decade of the Gregorian calendar that began on January 1, 1890, and ended on December 31, 1899. In American popular culture, the decade would later be nostalgically referred to as the "gay nineties" ("gay" meaning carefree or cheerful). In the British Empire, the 1890s epitomised the late ...
The Long Depression was a worldwide price and economic recession, beginning in 1873 and running either through March 1879, or 1899, depending on the metrics used. [1] It was most severe in Europe and the United States, which had been experiencing strong economic growth fueled by the Second Industrial Revolution in the decade following the American Civil War.
Bank run on the Seamen's Savings Bank during the panic of 1857. There have been as many as 48 recessions in the United States dating back to the Articles of Confederation, and although economists and historians dispute certain 19th-century recessions, [1] the consensus view among economists and historians is that "the [cyclical] volatility of GNP and unemployment was greater before the Great ...
Drawing in Frank Leslie's of panicked stockbrokers on May 9, 1893.. The Panic of 1893 was an economic depression in the United States.It began in February 1893 and officially ended eight months later, but the effects from it continued to be felt until 1897. [1]
Golden Fetters: The gold standard and the Great Depression, 1919–1939. 1992. Feinstein. Charles H. The European Economy between the Wars (1997) Garraty, John A. The Great Depression: An Inquiry into the causes, course, and Consequences of the Worldwide Depression of the Nineteen-Thirties, as Seen by Contemporaries and in Light of History (1986)
The Tariff Act of 1890, commonly called the McKinley Tariff, was an act of the United States Congress, framed by then Representative William McKinley, that became law on October 1, 1890. [1] The tariff raised the average duty on imports to almost 50%, an increase designed to protect domestic industries and workers from foreign competition, as ...
In the mid-1890s, notes Paul Campos of the University of Colorado Boulder, per-capita gross domestic product shrank from $6,400 to $5,500 (in 2017 dollars). As of the second quarter this year, it ...
The policy from 1860 to 1933 was usually high protective tariffs (apart from 1913 to 1921). After 1890, the tariff on wool did affect an important industry, but otherwise the tariffs were designed to keep American wages high.