The Gilded Age: Wealth, Corruption, and the New America — Fexingo History
Lucas and Luna explore the financial contagion of the Panic of 1893, focusing on how the failure of Philadelphia & Reading Railroad and the National Cordage Company triggered a four-year depression. They trace the role of President Grover Cleveland's repeal of the Sherman Silver Purchase Act, the bond sale engineered by J.P. Morgan that bailed out the U.S. Treasury, and the human cost as unemployment hit 18% and Coxey's Army marched on Washington. Along the way, they discuss the debate over gold versus silver, the formation of the Federal Reserve's predecessor, and how the panic reshaped American attitudes toward banking and federal intervention. #Panic1893 #GildedAge #JPMorgan #GroverCleveland #ShermanSilverPurchaseAct #GoldStandard #FreeSilver #CoxeysArmy #PhiladelphiaReadingRailroad #NationalCordageCompany #TreasuryBond #FederalReserve #Depression #Banking #AmericanHistory #EconomicHistory #FexingoHistory #History Keep every episode free: buymeacoffee.com/fexingo [https://buymeacoffee.com/fexingo]
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