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Long Depression
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The Long Depression was a worldwide price and economic recession, beginning in 1873 and lasting until either March 1879, or the year 1899, depending on the metrics used. It was most severe in Europe a
Run on the Fourth National Bank, No. 20 Nassau Street, New York City, 1873. From Frank Leslie's Illustrated Newspaper, October 4, 1873.
Run on the Fourth National Bank, No. 20 Nassau Street, New York City, 1873. From Frank Leslie's Illustrated Newspaper, October 4, 1873.
The Bosses of the Senate by Joseph Keppler
The Bosses of the Senate by Joseph Keppler
Ulysses S. Grant
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Ulysses S. Grant was the 18th president of the United States, serving from 1869 to 1877, and was the Commanding General of the Union Army, leading it to victory in the American Civil War in 1865.
Long Depression
…unsecured loans to railroads; its collapse in 1874 was a severe blow to African Americans. The recession exacted a harsh political toll on President Ulysses S. Grant. Historian Allan Nevins says of the end of Grant's presidency: Various administrations have closed in gloom and weakness ... but no other has closed…
Grant, c. 1870–1880
Grant, c. 1870–1880
Grant's birthplace in Point Pleasant, Ohio
Grant's birthplace in Point Pleasant, Ohio
Grant as a young officer, c. 1845–1847
Grant as a young officer, c. 1845–1847
The Battle of Monterrey during which Grant saw military action
The Battle of Monterrey during which Grant saw military action