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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.
During the banking panic of 1907, an ad hoc coalition assembled by J. P. Morgan successfully intervened in this way, thereby cutting off the panic, which was likely the reason why the depression that would normally have followed a banking panic did not happen this time. A call by some for a government version of this solution resulted in the ...
Women in the United States have a long history of activism regarding housing and the cost of food despite the common and longstanding misconception that homemakers are passive and apolitical. The rising prices in the U.S. meant a new issue for consumers: the concept of being an "ethical consumer" and reckoning with their own consumer behavior ...
This depression remained the national Jay Cooke & Company failed on Sept. 18, 1873, triggering a financial panic that soon plunged the United States into a "Great Depression." The Credit Card Is ...
The Great Depression did not strongly affect Japan. The Japanese economy shrank by 8% during 1929–31. Japan's Finance Minister Takahashi Korekiyo was the first to implement what have come to be identified as Keynesian economic policies: first, by large fiscal stimulus involving deficit spending; and second, by devaluing the currency ...
Older women, people who reported substance use during pregnancy, and those who were overweight or had obesity were also at higher risk of postpartum depression, the study found.
The Panic of 1873 was a financial crisis that triggered an economic depression in Europe and North America that lasted from 1873 to 1877 or 1879 in France and in Britain. In Britain, the Panic started two decades of stagnation known as the "Long Depression" that weakened the country's economic leadership. [1]
The Long Depression, sparked in the United States by the Panic of 1873, had far-reaching implications for US industry, closing more than a hundred railroads in the first year and cutting construction of new rail lines from 7,500 miles (12,100 km) of track in 1872 to 1,600 miles (2,600 km) in 1875. [4]