Unemployment, Unrest, and Relief in the United States during the Depression of 1893-97

  title={Unemployment, Unrest, and Relief in the United States during the Depression of 1893-97},
  author={Samuel Rezneck},
  journal={Journal of Political Economy},
  pages={324 - 345}
  • S. Rezneck
  • Published 1953
  • Economics
  • Journal of Political Economy
SAMUEL REZNECK Rensselaer Polytechnic Institute T HE Americans are a people of magnificent achievements and of equally magnificent fiascoes. At present they are in the throes of a fiasco unprecedented even in their broad experience." With this introduction, the American correspondent of Bankers' Magazine of London, for September, 1893, proceeded to describe "the ruin and disaster run riot over the land"; with a characteristic overtone of reproof and recrimination, he berated this country on its… Expand
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22, citing a letter in the Portland Oregonian that "business is at a standstill and will remain so until something happens"; cf. Richard Hofstadter
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