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What were the causes and effects of the depression of the 1890s?
Wiki User
∙ 11y ago
In its impact on industry and employment, the depression of the 1890s was on a par with the Great Depression of the 1930s. In some places it began before 1890, in a deep agricultural crisis that hit Southern cotton-growing regions and the Great Plains in the late 1880s. The shock hit Wall Street and urban areas in 1893, as part of a massive worldwide economic crisis. A quarter of the nation's railroads went bankrupt; in some cities,unemployment among industrial workers exceeded 20 or even 25 percent.
Wiki User
∙ 11y ago
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