Panic of 1893

E8756

economic depression financial panic historical event

The Panic of 1893 was a severe nationwide economic depression in the United States marked by bank failures, railroad bankruptcies, and mass unemployment that helped bring the Gilded Age to a close.

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All labels observed (1)

Label	Occurrences
Panic of 1893 canonical	10

Statements (48)

Predicate	Object
instanceOf	economic depression ⓘ financial panic ⓘ historical event ⓘ
country	United States of America ⓘ surface form: United States
describedBySource	U.S. economic history textbooks ⓘ
endTime	late 1890s ⓘ
followedBy	economic recovery in the late 1890s ⓘ
hasCause	collapse of railroad overbuilding and shaky railroad financing ⓘ concerns about the U.S. commitment to the gold standard ⓘ declining European investment in the United States ⓘ falling U.S. gold reserves ⓘ speculation in railroads ⓘ the Sherman Silver Purchase Act of 1890 ⓘ
hasEffect	Coxey's Army march of 1894 ⓘ Democratic Party losses in subsequent elections ⓘ Pullman Strike ⓘ surface form: Pullman Strike of 1894 bank failures across the United States ⓘ business failures ⓘ context for the presidential election of 1896 ⓘ decline in confidence in major financial institutions ⓘ end of the Gilded Age era ⓘ expansion of federal government involvement in the economy ⓘ falling farm prices ⓘ increased support for monetary reform ⓘ labor unrest ⓘ mass unemployment ⓘ political realignment in the United States ⓘ pressure on President Grover Cleveland's administration ⓘ railroad bankruptcies ⓘ rise of the free silver movement ⓘ strengthening of the Populist movement ⓘ widespread poverty ⓘ
location	Chicago, Illinois, United States ⓘ surface form: Chicago New York City financial markets ⓘ Philadelphia ⓘ southern United States ⓘ western United States ⓘ
mainVictim	banking sector in the United States ⓘ farmers ⓘ industrial workers ⓘ railroad industry in the United States ⓘ
partOf	history of capitalism in the United States ⓘ history of the Gilded Age ⓘ
precededBy	Panic of 1873 ⓘ
significantPerson	Grover Cleveland ⓘ J. P. Morgan ⓘ William Jennings Bryan ⓘ
startTime	1893 ⓘ

Referenced by (10)

Full triples — surface form annotated when it differs from this entity's canonical label.

Gilded Age → majorEvent → Panic of 1893 ⓘ

the Sherman Silver Purchase Act of 1890 → associatedWithEvent → Panic of 1893 ⓘ

subject surface form: Sherman Silver Purchase Act of 1890

the Sherman Silver Purchase Act of 1890 → consideredCauseOf → Panic of 1893 ⓘ

subject surface form: Sherman Silver Purchase Act of 1890

Coxey's Army march of 1894 → hasCause → Panic of 1893 ⓘ

United States presidential election, 1896 → economicContext → Panic of 1893 ⓘ

Panic of 1907 → precededBy → Panic of 1893 ⓘ

Cleveland administration → partOf → Panic of 1893 ⓘ

Cleveland administration → notableEvent → Panic of 1893 ⓘ

The Ballad of Baby Doe (opera) → historicalContext → Panic of 1893 ⓘ

subject surface form: The Ballad of Baby Doe

Colorado silver boom → significantEvent → Panic of 1893 ⓘ