Effects the Depression of the 1890s had on Politics
Effects the Depression of the 1890s had on Politics
Grantham University
Abstract
In this paper I will attempt to explain how the depression of the 1890s had effects on the political tensions at the turn of the century. In order to do this, the information as to what caused the depression will also need to be provided. Many citizens rebelled against the elected leaders and dissatisfaction spread widely throughout America during this time period because of political stalemates. New political factions rose up during this era. Economic depression dominated the 1890s and reshaped political positions and attitudes.
The Effects the Depression of the 1890s had on Politics
Before the 1890s the Industrial Revolution caused a huge boom that left the agriculture industry in the dust. With the expansion of railroads linking the Atlantic and Pacific oceans as well as to all points across America, the rise of the Industrial Empire, and the continuing debate about using silver as the national coinage standard of America. The depression of the 1890s was partly caused by the flooding of silver. Over supply and lesser demand also resulted in a drop of prices, job cuts and bankruptcy. Economic depression dominated the 1890s and helped to reshape the political alignments and attitudes of the era. Due to the devastating economic depression, thousands of people had no money and very little hope, which caused for widespread mistrust of elected leaders.
The depression brought about business failures, extensive unemployment, and a decrease in the price of farming. As economic conditions worsened, social and political tensions increased rapidly. Starting in early 1893 many people panicked after the economic down turn of the railroad and construction industries, turning to gold as a means to combat stock market loses. Eventually the U.S. Treasury’s gold reserve began to become depleted and the masses began to blame the president at
Grantham University
Abstract
In this paper I will attempt to explain how the depression of the 1890s had effects on the political tensions at the turn of the century. In order to do this, the information as to what caused the depression will also need to be provided. Many citizens rebelled against the elected leaders and dissatisfaction spread widely throughout America during this time period because of political stalemates. New political factions rose up during this era. Economic depression dominated the 1890s and reshaped political positions and attitudes.
The Effects the Depression of the 1890s had on Politics
Before the 1890s the Industrial Revolution caused a huge boom that left the agriculture industry in the dust. With the expansion of railroads linking the Atlantic and Pacific oceans as well as to all points across America, the rise of the Industrial Empire, and the continuing debate about using silver as the national coinage standard of America. The depression of the 1890s was partly caused by the flooding of silver. Over supply and lesser demand also resulted in a drop of prices, job cuts and bankruptcy. Economic depression dominated the 1890s and helped to reshape the political alignments and attitudes of the era. Due to the devastating economic depression, thousands of people had no money and very little hope, which caused for widespread mistrust of elected leaders.
The depression brought about business failures, extensive unemployment, and a decrease in the price of farming. As economic conditions worsened, social and political tensions increased rapidly. Starting in early 1893 many people panicked after the economic down turn of the railroad and construction industries, turning to gold as a means to combat stock market loses. Eventually the U.S. Treasury’s gold reserve began to become depleted and the masses began to blame the president at