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People in the 1893 Depression
1893 Economy
1893 Business
1893 Banks
1893 Other Stuff
100
The president of the United States during the Depression of 1893.
Grover Cleveland
100
When the nation goes through deflation and high levels of unemployment at the same time so people are too broke to buy things no matter how low the price is.
depression
100
Monopolies or an agreement among competitors to set high prices to get rid of competition.
business trusts
100
Failure to pay a debt
default
100
The money you are paid for performing a job.
income
200
The political party from 1891–1904 considered the party of the common man.
The Populist Party
200
Goods bought from other countries and brought into the U.S.
imports
200
A place where stocks, or part-ownerships in companies, are bought and sold.
stock market
200
Money borrowed from a bank.
loan
200
To make from raw materials by hand or by machinery
manufacturing
300
The people who have businesses in other countries who are trying to sell the same products as the U.S.
foreign competitors
300
When people feared there was not enough gold in the Treasury and ran to exchange their paper money for gold.
money panic
300
Also known as stocks - A unit of ownership in a company.
shares
300
When a bank takes away a mortgaged property because the borrower failed to make mortgage payments.
foreclosure
300
Passed in 1890 called the McKinley Tariff Bill that raised tariffs on foreign goods to an all-time high to keep foreign business out of the U.S. and help the U.S. industrialists. It hurt the American farmer
High Tariff Laws
400
People without a job.
the unemployed
400
The Event where in 1893 when people feared that their money was about to lose value - (the amount of gold that can be exchanged for paper currency in less than it was when it was first exchanged.) - so large masses of people ran to banks to immediately exchange their paper currency for gold so they would not lose money.
The Depression of 1893
400
The two manufacturing states hit the hardest by the Depression of 1893.
Michigan and Pennsylvania
400
When a large payment is made in small payments over an extended period of time.
installments
400
People who were out of work and had no home.
homeless
500
The people that work for the federal government that manage the nation's money work for the ___________.
U.S. Treasury
500
Taxes on imports (foreign goods) to make them more expensive
tariffs
500
Giving paper money in return for a certain amount of gold that has the same worth.
exchange
500
The debt you pay on a loan used to buy a house or piece of land
mortgage
500
The amount of money you owe.
debt