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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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Why was Maximilien Robespierre executed by the French National Convention in 1794?
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Who was Nathan Bedford Forrest? Include:
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Nathan Bedford Forrest (1821-1877) was a Confederate general during the Civil War (1861-65). Despite having no formal military training, Forrest rose from the rank of private to lieutenant general, serving as a cavalry officer at numerous engagements including the Battles of Shiloh, Chickamauga, Brice’s Crossroads and Second Franklin. Known for his maxim “get there first with the most men,” Forrest was relentless in harassing Union forces during the Vicksburg Campaign in 1862 and 1863, and conducted successful raiding operations on federal supplies and communication lines throughout the war. In addition to his ingenious cavalry tactics, Forrest is also remembered for his controversial involvement in the Battle of Fort Pillow in April 1864, when his troops massacred black soldiers following a Union surrender. After the Civil War Forrest worked as a planter and railroad president, and served as the first grand wizard of the Ku Klux Klan. He died in 1877 at the age of 56.

Nathan Bedford Forrest: Early Life

Nathan Bedford Forrest was born in Chapel Hill, Tennessee, on July 13, 1821. He grew up poor and received almost no formal education before going into business with his uncle Jonathan Forrest in Hernando, Mississippi.  Forrest married Mary Ann Montgomery, a member of a prominent Tennessee family, that same year. The couple would later have two children.  

Forrest was next involved in heavy fighting at Fort Donelson, Tennessee, in February 1862.

Forrest’s injury would keep him away from the field until June 1862. A month later he led a raiding mission into Tennessee, where he captured a Union garrison at Murfreesboro. Promoted to brigadier general, Forrest next participated in cavalry operations near the vital Mississippi River hub at Vicksburg, Tennessee, which was under siege by Ulysses S. Grant. Throughout late 1862 and early 1863, Forrest’s cavalry relentlessly harassed Grant’s forces, frequently cutting off communication lines and raiding stores of supplies as far north as Kentucky. Careful to never engage the superior Union numbers in outright combat, Forrest instead relied on guerilla tactics designed to frustrate and exhaust his pursuers.

Forrest was engaged throughout early 1863 in operations near Fort Donelson and at the Battle of Thompson’s Station. In May 1863 he successfully cornered Union cavalry commanded by Colonel Abel Streight near Cedar Bluff, Alabama. Recognizing that Streight held a substantially larger force, Forrest led his troopers around the same hilltop multiple times in order to give the appearance of larger numbers. He then bluffed Streight into surrendering his 1,500 Union cavalry before revealing he had less than a third as many men.  Forrest’s most controversial action as a field commander would come in April 1864 at the Battle of Fort Pillow in Tennessee. After capturing the federal garrison by force, Forrest’s men reportedly killed over 200 Union soldiers, many of them black troops who had formerly been slaves. While Forrest and his men would claim the fort’s occupants had resisted, survivors of what became known as the “Fort Pillow Massacre” argued that Forrest’s men had ignored their surrender and murdered dozens of unarmed troops. The Joint Committee on the Conduct of War would later investigate the incident and agree that Forrest’s men had committed an unjust slaughter.

Promoted to lieutenant general in February 1865, Forrest would oppose Union General James H. Wilson during his raid into the Deep South but was defeated at the Battle of Selma in April 1865. He then disbanded his weakened force in May 1865 following the surrender of the Confederacy’s major armies.

In the late 1860s Forrest began an association with the newly formed Ku Klux Klan, a secret society that terrorized blacks and opposed Reconstruction efforts. Forrest is believed to have served as the Klan’s first grand wizard upon its formation in 1866, though he would later deny any association with the group when called before the Joint Congressional Committee in 1871. Forrest’s financial situation later became desperate following the failure of his railroad business in 1874. Forced to sell off many of his assets, he spent his later years overseeing a prison labor camp near Memphis. He died in 1877 at the age of 56.

****THIS WAS FROM HISTORY.COM****

NOT MY ARTICLE

hopefully this helped as an information source

Explanation:

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Just like what the radio did several decades ago, TV was able to do on a much larger scale and have a more meaningful visual impact.

Americans all over the country were able to watch the same sports, news, weather reports and even family friend entertainment programs.

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