98: Silver & Gold: From Grover Cleveland to William Jennings Bryan & William McKinley
History That Doesn't Suck
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Gold and Silver in the Gilded Age United States
The panic of 18 93 started with the railroads and domino from there. Hundreds of banks and railroads, along with several thousand businesses, go under as stocks tumble. As many as four million people, that is roughly 20 % of the american work force, are out of work. These are the conditions that george pullman points to as he cuts workers wages amid increased dividend payments. This is also the economy that grover cleveland encounters wrihte as he returns to the white house the second time. New president is sure he knows what the cause of this recession is, though he lays the blame for the panic squarely on the shoulders of the 18 90 harrison administration
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