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Ivenika [448]
3 years ago
8

What was the main cause of the Panic of 1893?

History
1 answer:
GaryK [48]3 years ago
3 0
<span>The Panic was the worst economic crisis to hit the nation in its history to that point. Economic historians are not certain what caused it but point to several possible factors. First, too many people attempted to redeem silver notes for gold; ultimately the statutory limit for the minimum amount of gold in federal reserves was reached and U.S. Notes could no longer be successfully redeemed for gold. Next, the Philadelphia and Reading Railroad went bankrupt. Then, the National Cordage Company (the most actively traded stock at the time) went into receivership as a result of its bankers calling their loans in response to rumors regarding the NCC's financial distress. A series of bank failures followed, and the price of silver fell. The Northern Pacific Railway, the Union Pacific Railroad and the Atchison, Topeka & Santa Fe Railroad all failed. This was followed by the bankruptcy of many other companies; in total over 15,000 companies and 500 banks failed (many in the west). About 12%-18% of the workforce was unemployed at the Panic's peak.

hope this makes sense</span>
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Martin luther king jr i have a speech summary
natka813 [3]
King begins his “I Have a Dream” speech by declaring that this occasion will be remembered as the “greatest demonstration for freedom” in United States history. He then evokes Abraham Lincoln’s Gettysburg Address and references the signing of the Emancipation Proclamation, a document that gave hope of a better future to many African Americans. Despite the abolition of slavery and the time that has since passed, Black people in America are still not free; the aftershocks of slavery are still felt through segregation and discrimination in the United States. King refers next to the signing of the Declaration of Independence, describing the document as a “promissory note” whose promise has not been fulfilled for African Americans. Therefore, King says he has come to Washington to chide the United States for “defaulting” on this promise in regard to Black Americans who have not been granted life, liberty, and the pursuit of happiness. The bank of justice, King says, surely still has money in it, and there is a debt to be paid to Black Americans.

King goes on to declare that the time has come to “make justice a reality” for all in the United States. He describes the situation as “urgent,” stating that the growing discontent among Black Americans will not dissipate until equality is won. There will not be peace in America until African Americans are granted their rights as American citizens. Though the situation is urgent, King stresses that his fellow African American protesters should neither resort to violence nor blame all White people, for there are White civil rights protesters among them in the audience, fighting alongside them. The struggle for equality must continue until police brutality is no longer a concern for African Americans, hotels no longer turn them away, ghettos are not their only option, and voting rights are universal—until justice is served.

King acknowledges that protesting has been difficult for many. Some of those present have recently been in prison or have suffered other persecutions. He promises that their struggle will be rewarded and encourages his listeners to return to their home states filled with new hope. King famously declares, “I have a dream,” and describes his hope for a future America where Blacks and Whites will sit and eat together. It is a world in which children will no longer be judged by their skin color and where Black and White alike will join hands. King calls upon his listeners to look to this vision of America to give them hope to keep fighting and asserts that when freedom is allowed to “ring” from every part of the nation, the United States will be what it should have always been, and justice will be achieved.
6 0
3 years ago
What reasons does Diamond give for why the encounter at Cajamarca turns out the way that it does? (Be sure to address technology
julia-pushkina [17]

The first encounter between Francisco Pizarro and his advancing Spanish army and the Inca ruler Atahuallpa took place in Cajamarca, and Jared Diamond addresses it in Guns, Germs, and Steel.

According to Diamonds, the Europeans were the first to have firearms, germs, and steel due to their geographic location and historical background, allowing them to conquer other less advanced civilizations.

The element of surprise was on the side of the Spanish. The Incas had no reason to believe the Spanish would be so treasonous. The Native Americans had no defense against the Spanish's use of European-style weapons like firearms.

The Spaniards start off by ambushing the Incas, discharging their weapons, and emerging on horseback from hiding. The conquistadors attacked the Incas with their swords as they rode because they were trembling and looking rather than holding their ground.

If the Incas had stood their ground against the cavalry, they might have defeated them by sheer numbers if they had more knowledge of this kind of combat.

To learn more about Jared Diamonds refer to:

brainly.com/question/17238702

#SPJ1

7 0
2 years ago
2. What is Manifest Destiny?
Goshia [24]

Answer:

A

Explanation:

8 0
3 years ago
How does the photographer help support the report's descriptions
Vinvika [58]

Answer:After the Civil War, the availability of natural resources, new inventions, and a receptive market combined to fuel an industrial boom. The demand for labor grew, and in the late 19th and early 20th centuries many children were drawn into the labor force. Factory wages were so low that children often had to work to help support their families. The number of children under the age of 15 who worked in industrial jobs for wages climbed from 1.5 million in 1890 to 2 million in 1910. Businesses liked to hire children because they worked in unskilled jobs for lower wages than adults, and their small hands made them more adept at handling small parts and tools. Children were seen as part of the family economy. Immigrants and rural migrants often sent their children to work, or worked alongside them. However, child laborers barely experienced their youth. Going to school to prepare for a better future was an opportunity these underage workers rarely enjoyed. As children worked in industrial settings, they began to develop serious health problems. Many child laborers were underweight. Some suffered from stunted growth and curvature of the spine. They developed diseases related to their work environment, such as tuberculosis and bronchitis for those who worked in coal mines or cotton mills. They faced high accident rates due to physical and mental fatigue caused by hard work and long hours.

By the early 1900s many Americans were calling child labor "child slavery" and were demanding an end to it. They argued that long hours of work deprived children of the opportunity of an education to prepare themselves for a better future. Instead, child labor condemmed them to a future of illiteracy, poverty, and continuing misery. In 1904 a group of progressive reformers founded the National Child Labor Committee, an organization whose goal was the abolition of child labor. The organization received a charter from Congress in 1907. It hired teams of investigators to gather evidence of children working in harsh conditions and then organized exhibitions with photographs and statistics to dramatize the plight of these children. These efforts resulted in the establishment in 1912 of the Children's Bureau as a federal information clearinghouse. In 1913 the Children's Bureau was transferred to the Department of Labor.

Lewis Hine, a New York City schoolteacher and photographer, believed that a picture could tell a powerful story. He felt so strongly about the abuse of children as workers that he quit his teaching job and became an investigative photographer for the National Child Labor Committee. Hine traveled around the country photographing the working conditions of children in all types of industries. He photographed children in coal mines, in meatpacking houses, in textile mills, and in canneries. He took pictures of children working in the streets as shoe shiners, newsboys, and hawkers. In many instances he tricked his way into factories to take the pictures that factory managers did not want the public to see. He was careful to document every photograph with precise facts and figures. To obtain captions for his pictures, he interviewed the children on some pretext and then scribbled his notes with his hand hidden inside his pocket. Because he used subterfuge to take his photographs, he believed that he had to be "double-sure that my photo data was 100% pure--no retouching or fakery of any kind." Hine defined a good photograph as "a reproduction of impressions made upon the photographer which he desires to repeat to others." Because he realized his photographs were subjective, he described his work as "photo-interpretation."

Hine believed that if people could see for themselves the abuses and injustice of child labor, they would demand laws to end those evils. By 1916, Congress passed the Keating-Owens Act that established the following child labor standards: a minimum age of 14 for workers in manufacturing and 16 for workers in mining; a maximum workday of 8 hours; prohibition of night work for workers under age 16; and a documentary proof of age. Unfortunately, this law was later ruled unconstitutional on the ground that congressional power to regulate interstate commerce did not extend to the conditions of labor. Effective action against child labor had to await the New Deal. Reformers, however, did succeed in forcing legislation at the state level banning child labor and setting maximum hours. By 1920 the number of child laborers was cut to nearly half of what it had been in 1910.

Explanation:

8 0
2 years ago
Describe the transalantic slave trade
dezoksy [38]

Answer:

Transatlantic slave trade, segment of the global slave trade that transported between 10 million and 12 million enslaved Africans across the Atlantic Ocean to the Americas from the 16th to the 19th century. It was the second of three stages of the so-called triangular trade, in which arms, textiles, and wine were shipped from Europe to Africa, slaves from Africa to the Americas, and sugar and coffee from the Americas to Europe.

6 0
3 years ago
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