events
Panic of 1837: New York City banks suspend the payment of specie, triggering a national banking crisis and an economic depression whose severity was not surpassed until the Great Depression.
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Panic of 1837
19th-century United States financial crisis
The Panic of 1837 was a financial crisis in the United States that began a major depression which lasted until the mid-1840s. Profits, prices, and wages dropped, westward expansion was stalled, unemployment rose, and pessimism abounded.Source: Wikipedia (CC BY-SA)
Coin
Small, flat and usually round piece of material used as money
A coin is a small object, usually round and flat, used primarily as a medium of exchange or legal tender. They are standardized in weight, and produced in large quantities at a mint in order to facilitate trade. They are most often issued by a government. Coins often have…Source: Wikipedia (CC BY-SA)
Economic depression
Sustained, long-term downturn in economic activity in one or more economies
An economic depression is a period of carried long-term economic downturn that is the result of lowered economic activity in one or more major national economies. It is often understood in economics that an economic crisis and the following recession that may be termed an…Source: Wikipedia (CC BY-SA)
Great Depression in the United States
Period in American history, 1929–1939
In the United States, the Great Depression began with the Wall Street Crash of October 1929 and then spread worldwide. The nadir came in 1931–1933, and recovery came in 1940. The stock market crash marked the beginning of a decade of high unemployment, famine, poverty, low…Source: Wikipedia (CC BY-SA)
May 10
Day of the year
May 10 is the 130th day of the year in the Gregorian calendar; 235 days remain until the end of the year.Source: Wikipedia (CC BY-SA)