Talk:Panic of 1893

Year
I always thought this panic started in 1892. Found at least one reference to sustain that.http://www.answers.com/topic/grover-cleveland Student7 (talk) 16:45, 2 July 2008 (UTC)

Worse than "Great" Depression
The economy just wasn't as strong in the 1890s as the 1930s. There were no charitable institutions that could take up the slack and no local government ones either. When the local government had problems (and they did), all small gifts of food or clothing stopped. People literally starved to death (which they seldom did during the "Great" Depression). There were charities/soup kitchens then that took up the slack. Student7 (talk) 11:59, 15 July 2008 (UTC)

Bi-metalism
Need new article to point to from here on "bi-metalism", use of both gold and silver as a standard (perhaps other past examples besides the US). Other articles need to link to this new article as well. Student7 (talk) 02:16, 9 February 2009 (UTC)

While the introduction to this article states that the US had a long-established policy of bi-metallism, I do not think that this is the case. Under the Fourth Coinage Act passed in 1873, the US had a mono-metallic, gold-only currency. The question of bimetallism, and unlimited coinage of silver, did indeed dominate national politics from the 1870s to the end of the 1890s, but proponents of silver currency never had political success. I would change the intro myself, but I am not entirely sure that I am right. — Preceding unsigned comment added by 108.16.42.180 (talk) 21:53, 8 May 2012 (UTC)


 * Follow the bimetallism link. It explains all. I was surprised that the country had been bi-metal until 1873, and mono-metal afterwards. Student7 (talk) 14:54, 14 May 2012 (UTC)

Mortgage obligations
Article says that middle class could not meet their mortgage obligations. How much of a middle class was there? Did Americans even have mortgages generally back then in that number, even in the middle class? Mortgages in for the masses are a somewhat modern invention, I thought. Student7 (talk) 17:41, 17 May 2009 (UTC)


 * Yes, you are very right to question that... Actually, mortgages back then until the 1930's depression were for the most part more like renewable leases in the sense that the mortgagor had the option of renewing your mortgage, which became a serious problem during the 1930's when mortgagor's would call in the mortgage at its renewal date if they believed that the mortgagee was in jeopardy or wasn't an otherwise good deal for the mortgagor. I believe at the time most mortgages were up for renewal every seven years, so yes, in fact mortgages in the modern sense that we know it were developed at that time with the FHA and FHA-backed loans which were created to stabilize the market. Stevenmitchell (talk) 19:26, 25 September 2010 (UTC)

Reference 7: Haunted Houses
I obtained the book cited in reference 7, seeking to verify it and obtain further detail. While it does discuss unemployment on page 109, estimating it at 17-19%, there is no discussion of abandoned houses. Elswhere in the book, there is discussion of building construction, but not broken out by use (residential vs. other); I found no mention of building abandonment. The work is heavily focused on development of quantitative measures from limited contemporary sources, and a discussion of cultural issues would be severly inconsistent with the tone of the work. sjr46 29 Nov 2009 —Preceding unsigned comment added by Sjr46 (talk • contribs) 18:27, 29 November 2009 (UTC)

Not only in U.S but Canada too
Even before back before this, economics wise whatever happens in the United States also effects Canada. It was the same in Ontario, and probably Quebec too. Many Railroad companies went bust during this time. Many that were just started or were very young went bankrupt...and was the probably the first round of mergers of railroad companies.69.165.153.200 (talk) 05:27, 13 September 2011 (UTC)

External references?
What is an "External reference"? If it's used as a source for this article, it needs to be cited inline and put in the "References" section. I find this section heading confusing and would like to revert it back unless some of these actually are being used as source material. See WP:LAYOUT. Kendall-K1 (talk) 13:41, 22 January 2016 (UTC)

GDP per capita chart
I found this handy chart from here that shows the American GDP per capita for the whole of the 19th century. The graph clearly demonstrates the devastating effect the Panic of 1893 had on the American Economy. I feel like the graph would be a perfect addition to the article, as more statistics than simply unemployment rates would be helpful here. However, I am concerned about the copyright implications of using it, so would anyone please care to help me out on Wikipedia's copyright rules a little? Maybe I should email the author of the original article, asking him for permission? Holden3172 (talk) 00:11, 11 April 2017 (UTC)Holden3172

External links modified
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 * Added archive https://web.archive.org/web/20100918164651/http://www.whitehouse.gov/about/presidents/grovercleveland24 to http://www.whitehouse.gov/about/presidents/grovercleveland24
 * Added archive https://web.archive.org/web/20101009012123/http://millercenter.org/academic/americanpresident/cleveland/essays/biography/4 to http://millercenter.org/academic/americanpresident/cleveland/essays/biography/4
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Harrison
The article has no mention of the role Pres. Harrison played. See https://slate.com/news-and-politics/2020/11/worst-presidential-transition-1892-harrison-cleveland.html. Kdammers (talk) 07:49, 3 November 2020 (UTC)