X-Nico

2 unusual facts about Panic of 1893


Sherwood, Oregon

The main industry in the 1890s was a pressed brick yard which closed in 1896, a victim of the deep recession of 1893.

Unorganized North Algoma District

Operations ceased due to a financial panic in the United States and a fatal mining accident.


Milwaukee Journal Sentinel

After the Panic of 1893 a private utility monopoly run by stalwart Republican party bosses Charles F. Pfister and Henry C. Payne, the Milwaukee Electric Railway and Light Company (TMER&L), revoked commuter passes and raised utility rates during the depression.

Pullman Strike

During a severe depression (the Panic of 1893), the Pullman Palace Car Company cut wages as demand for new passenger cars plummeted and the company's revenue dropped.


see also