The depression of 1882-85 was the third longest in history. Potential causes included overexpansion of railroads, declining farm prices, and a stock market crash in 1884. It was a long depression characterized by high unemployment, low prices and falling profits that impacted railroads, farming and manufacturing. Events preceding the depression were rapid industrialization, speculation in railroads, and a shift from agriculture.
The depression of 1882-85 was the third longest in history. Potential causes included overexpansion of railroads, declining farm prices, and a stock market crash in 1884. It was a long depression characterized by high unemployment, low prices and falling profits that impacted railroads, farming and manufacturing. Events preceding the depression were rapid industrialization, speculation in railroads, and a shift from agriculture.
The depression of 1882-85 was the third longest in history. Potential causes included overexpansion of railroads, declining farm prices, and a stock market crash in 1884. It was a long depression characterized by high unemployment, low prices and falling profits that impacted railroads, farming and manufacturing. Events preceding the depression were rapid industrialization, speculation in railroads, and a shift from agriculture.
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