Panic of 1893



Y/M/D Description Place
1890/07/14 Sherman Silver Purchase Act becomes law, requiring the US treasury to buy 4.5 million ounces of silver each month with Treasury Notes
1893/00/00 President Grover Cleveland repeals the Sherman Silver Purchase Act
1893/02/23 Philadelphia and Reading Railroad declares bankruptcy
1894/04/03 Isaac N Large loses his fortune as the price of silver falls, sells his home to the Brown family, Brown's home 1894 to 1932 Molly Brown House, Denver
1895/02/20 J P Morgan leads a $65 million bond offering to bail out United States government

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