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The 1893 Panic: Gilded Age Crash and the Birth of Reform — Fexingo History

The 1893 Panic: Gilded Age Crash and the Birth of Reform — Fexingo History

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 When the railroad bubble burst in 1893, the Gilded Age's glittering facade gave way to a devastating depression. This episode follows the collapse of the Philadelphia and Reading Railroad, the failure of the National Cordage Company, and the subsequent bank runs that shuttered over 500 banks. Lucas and Luna explore how President Grover Cleveland's repeal of the Sherman Silver Purchase Act deepened the crisis, leading to unemployment reaching nearly 20%. The episode highlights forgotten figures like Jacob Coxey, who led an 'army' of unemployed workers to Washington demanding jobs, and the Pullman strike that emerged from this turmoil. We also delve into the cultural impact: the rise of the 'hobo' phenomenon, the birth of labor radicalism with Eugene Debs's American Railway Union, and the intellectual shift toward reform that would culminate in the Progressive Era. A story of hubris, hardship, and the forces that reshaped America.

#PanicOf1893 #GroverCleveland #JacobCoxey #CoxeysArmy #RailroadCollapse #ShermanSilverPurchaseAct #NationalCordage #BankFailures #Unemployment #LaborRadicalism #EugeneDebs #PullmanStrike #Hobo #ProgressiveEra #GildedAge #EconomicHistory #USHistory #FexingoHistory #IndustrialRevolution #RobberBarons

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