Great DepressionThe Great Depression (19291939) was an economic shock that impacted most countries across the world. It was a period of economic depression that became evident after a major fall in stock prices in the United States. The economic contagion began around September 1929 and led to the Wall Street stock market crash of October 24 (Black Thursday). It was the longest, deepest, and most widespread depression of the 20th century. Between 1929 and 1932, worldwide gross domestic product (GDP) fell by an estimated 15%.
Long DepressionThe Long Depression was a worldwide price and economic recession, beginning in 1873 and running either through March 1879, or 1896, depending on the metrics used. It was most severe in Europe and the United States, which had been experiencing strong economic growth fueled by the Second Industrial Revolution in the decade following the American Civil War. The episode was labeled the "Great Depression" at the time, and it held that designation until the Great Depression of the 1930s.
Financial crisisA financial crisis is any of a broad variety of situations in which some financial assets suddenly lose a large part of their nominal value. In the 19th and early 20th centuries, many financial crises were associated with banking panics, and many recessions coincided with these panics. Other situations that are often called financial crises include stock market crashes and the bursting of other financial bubbles, currency crises, and sovereign defaults.
Gilded AgeIn United States history, the Gilded Age was an era extending roughly from 1877 to 1900, which was sandwiched between the Reconstruction era and the Progressive Era. It was a time of rapid economic growth, especially in the Northern and Western United States. As American wages grew much higher than those in Europe, especially for skilled workers, and industrialization demanded an ever-increasing unskilled labor force, the period saw an influx of millions of European immigrants.
Baltimore and Ohio RailroadThe Baltimore and Ohio Railroad was the first common carrier railroad and the oldest railroad in the United States with its first section opening in 1830. Merchants from Baltimore, which had benefited to some extent from the construction of the National Road early in the century, wanted to do business with settlers crossing the Appalachian Mountains. The railroad faced competition from several existing and proposed enterprises, including the Albany-Schenectady Turnpike, built in 1797, the Erie Canal, which opened in 1825, and the Chesapeake and Ohio Canal.
Nadir of American race relationsThe nadir of American race relations was the period in African-American history and the history of the United States from the end of Reconstruction in 1877 through the early 20th century, when racism in the country, especially anti-black racism, was more open and pronounced than it had ever been during any other period in the nation's history. During this period, African Americans lost access to many of the civil rights which they had gained during Reconstruction.
BaltimoreBaltimore (ˈbɔːltᵻmɔːr , locally: ˌbɔːldɪˈmɔːr or ˈbɔːlmər ) is the most populous city in the U.S. state of Maryland. With a population of 585,708 at the 2020 census, it is the 30th-most populous city in the United States. Baltimore was designated an independent city by the Constitution of Maryland in 1851, and today it is the most populous independent city in the nation. As of the 2020 census, the population of the Baltimore metropolitan area was estimated to be 2,838,327, making it the 20th-largest metropolitan area in the country.
Great Railroad Strike of 1877The Great Railroad Strike of 1877, sometimes referred to as the Great Upheaval, began on July 14 in Martinsburg, West Virginia, after the Baltimore and Ohio Railroad (B&O) cut wages for the third time in a year. The Great Railroad Strike of 1877 was the first strike that spread across multiple different states in the U.S. This strike finally ended 52 days later, after it was put down by unofficial militias, the National Guard, and federal troops.
Causes of the Great DepressionThe causes of the Great Depression in the early 20th century in the United States have been extensively discussed by economists and remain a matter of active debate. They are part of the larger debate about economic crises and recessions. The specific economic events that took place during the Great Depression are well established. There was an initial stock market crash that triggered a "panic sell-off" of assets.
Economic depressionAn economic depression is a period of carried long-term economic dow that is the result of lowered economic activity in one major or more national economies. Economic depression maybe related to one specific country were there is some economic crisis that has worsened but most often reflexes historically the American Great Depression and similar economic status that may be recognized as existing at some country, several countries or even in many countries.
