Gilded Age - 1896 Election Flashcards
1
Q
What Caused the Panic of ‘93?
A
- Western + Southern Farmers had:
> Low Credit
> Poor Harvests; No Surplus to Sell Overseas - Banks gave Less Credit Out, many began failing
- Industrial Depression
2
Q
Who did the Panic of ‘93 Effect?
A
- Banks
- Businesses
- Railways
- Ordinary People lost Savings and Homes
3
Q
How many men were looking for work in ‘93?
A
Estimated 100,000
