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During Grover Cleveland's second term (1893-1897), several significant events occurred. The Panic of 1893 led to a severe economic depression, resulting in widespread unemployment and business failures. Cleveland also faced the Pullman Strike of 1894, which was a nationwide railroad strike that he ended by using federal troops. Additionally, his administration dealt with the annexation issue of Hawaii and conflicts over tariff reform, culminating in the Wilson-Gorman Tariff of 1894.

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