History of the United States II / Unit 5 USH2 0621 short lesson, about 20 seconds
The Depression of 1893
Captions available
The idea
The closing of the Philadelphia and Reading Railroad in eighteen ninety-three set off a depression the Yawp calls the worst the nation had yet seen.
In practice
National unemployment rising from three percent to nearly nineteen percent in a single year.
Where people slip
Unemployment reached thirty-five percent in New York and forty-three percent in Michigan. More than three million were jobless at the trough.
Your place on the trail
Every lesson rests on earlier ones and opens later ones. Tap any to jump.
Builds on
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