Skip to main content

Panic of 1893

In 1937, the American economy, which had been slowly rising from the depths it had reached in 1933, suddenly reversed course and sank once more.

While Bryan stumped up and down the land, McKinley let the voters come to his lawn in Canton—and they came

In 1896, the depression which had followed the Panic of ’93 was in its third year. Debt, business failure, unemployment, and labor unrest were spreading; to many, revolution seemed just a step away.

While panic gripped the nation in 1893, Grover Cleveland suffered his own secret ordeal on a yacht in Long Island Sound.

Enjoy our work? Help us keep going.

Now in its 75th year, American Heritage relies on contributions from readers like you to survive. You can support this magazine of trusted historical writing and the volunteers that sustain it by donating today.

Donate