The Recession of 1893 was considered The Great Depression right up to the actual Great Depression that history now paints previous to WWII.
The recession of 1893, still today is called "The Long Depression" and resulted from a Railroad Bubble.
But, the Long Depression was sort of the 'last straw' for many Americans. They had grown tired of impoverishment and the agricultural sector (the primary backbone of the USA economy at the time) was growing restless.
William Jennings Bryan came out as a result of "The Panic of 1893." Twenty years after a previous severe recession. People remembered the panic of 1873 and to face a long and lingering depression yet again was more than the agricultural sector could tolerate. They wanted relief and 'by damn it' they were going to have it. They wanted off the roller coaster.
The recession of 1893, still today is called "The Long Depression" and resulted from a Railroad Bubble.
But, the Long Depression was sort of the 'last straw' for many Americans. They had grown tired of impoverishment and the agricultural sector (the primary backbone of the USA economy at the time) was growing restless.
William Jennings Bryan came out as a result of "The Panic of 1893." Twenty years after a previous severe recession. People remembered the panic of 1873 and to face a long and lingering depression yet again was more than the agricultural sector could tolerate. They wanted relief and 'by damn it' they were going to have it. They wanted off the roller coaster.
