Panic of 1896

Panic of 1896

The Panic of 1896 was an acute economic depression in the United States that was less serious than other panics of the era precipitated by a drop in silver reserves and market concerns on the effects it would have on the gold standard. Deflation of commodities prices drove the stock market to new lows in a trend that only began to reverse after the 1896 election of William McKinley. The failure of the National Bank of Illinois in Chicago is remembered as one of the motivating factors in the sensational Adolph Luetgert murder case. During the panic, call money would reach 125 percent, the highest level since the Civil War.

ee also

*Stock market crash

References

*cite book |title=Alchemy of Bones: Chicago's Luetgert Murder Case of 1897 |last=Loerzel |first=Robert |authorlink= |coauthors= |year=2003 |publisher=University of Illinois Press |location=Urbana |isbn=0252028589 |pages= |url=
* [http://www.alchemyofbones.com/ Alchemy of Bones: Chicago's Luetgert Murder Case of 1897 website]
* [http://www.lind-waldock.com/edu/newsletter/406/nl_406_art04.shtml W. D. Gann's Forecasting Methods of Stocks and Bonds by D. K. Burton]


Wikimedia Foundation. 2010.

Игры ⚽ Поможем решить контрольную работу

Look at other dictionaries:

  • Panic of 1893 — Estimates of Unemployment during the 1890s (Source: Romer, 1984) Year Lebergott Romer 1890 4.0 4.0 1891 5.4 4.8 1892 3.0 3.7 1893 11.7 8.1 1894 18.4 12.3 1895 13.7 11.1 1896 …   Wikipedia

  • Panic of 1873 — A bank run on the Fourth National Bank, No. 20 Nassau Street, New York City, 1873. From Frank Leslie s Illustrated Newspaper, October 4, 1873. The Panic of 1873 triggered a severe international economic depression in both Europe and the United… …   Wikipedia

  • Panic of 1907 — A swarm gathers on Wall Street during the bank panic in October 1907. Federal Hall, with its statue of George Washington, is seen on the right. The Panic of 1907, also known as the 1907 Bankers Panic, was a financial crisis that occurred in the… …   Wikipedia

  • Panic of 1837 — Whig cartoon showing the effects of unemployment An 18 …   Wikipedia

  • Panic of 1819 — For the 1962 economic history book by Murray Rothbard, see The Panic of 1819. The Panic of 1819 was the first major financial crisis in the United States,[1] which occurred during the end of the Era of Good Feelings. The new nation faced a… …   Wikipedia

  • Panic of 1857 — Bank run on the Seamen s Savings Bank during the panic of 1857 The Panic of 1857 was a financial panic in the United States caused by the declining international economy and over expansion of the domestic economy. Indeed, because of the… …   Wikipedia

  • Panic of 1847 — The Panic of 1847 was started as a collapse of British financial markets associated with the end of the 1840s railway industry boom. As a means of stabilizing the British economy the ministry of Robert Peel passed the Bank Charter Act of 1844.[1] …   Wikipedia

  • United States presidential election, 1896 — Infobox Election election name = United States presidential election, 1896 country = United States type = presidential ongoing = no previous election = United States presidential election, 1892 previous year = 1892 next election = United States… …   Wikipedia

  • United States House of Representatives elections, 1896 — The U.S. House election, 1896 was an election for the United States House of Representatives in 1896 which coincided with the election of President William McKinley. In spite of McKinley s victory over William Jennings Bryan, backed by the… …   Wikipedia

  • Depression of 1920–21 — A 1919 parade in Minneapolis for soldiers returning home after World War I. The upheaval associated with the transition from a wartime to peacetime economy contributed to a depression in 1920 and 1921. The Depression of 1920–21 was an extremely… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”