Wall Street panic 1890
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Wall Street panic 1890
Panic on Wall Street in New York, America in 1890 Date: 1890
Mary Evans Picture Library makes available wonderful images created for people to enjoy over the centuries
Media ID 14267548
© Mary Evans Picture Library
Commerce Crash Crisis Exchange Finance Panic Stock Stocks
EDITORS COMMENTS
This evocative image captures the chaos and uncertainty of the Panic on Wall Street in New York City during the autumn of 1890. The 19th century financial crisis, one of the most severe in American history, is depicted in this powerful photograph. The once bustling and orderly scene of the New York Stock Exchange has been transformed into a scene of frenzied activity, as investors scramble to salvage their fortunes. The panicked expressions on the faces of the men in the photograph convey a sense of desperation and fear. Suits and top hats are disheveled, papers fly through the air, and the once calm and collected atmosphere of the exchange has been replaced by a cacophony of shouts and cries. The empty chairs and deserted trading floors speak to the mass exodus of investors who had fled the scene in the wake of the crisis. The Panic of 1890 was triggered by a number of factors, including over-speculation, a decline in agricultural prices, and a series of bank failures. The crisis had a ripple effect, causing widespread economic hardship and leading to a significant contraction in commerce and industry. It took several years for the American economy to recover from the crisis, but eventually, it did. This photograph is a poignant reminder of the volatile nature of the financial markets and the risks that come with investing. It also serves as a testament to the resilience of the American people and their ability to weather even the most severe economic storms. The image is a valuable historical document, providing a glimpse into the past and shedding light on the economic challenges that faced the United States during the late 19th century.
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