Historical Context
The was the scene the day after the collapse of the National Cordage Company on 4 May. It was part of the then largest economic crisis to hit America that triggered a depression that lasted until 1897.
Loans were called in across the country 600 banks failed, 15,000 companies collapsed and unemployment soared to 25%.
Drawing Info
Location drawn: New York City, New York, USA
Related Events
- 1893-05-05 Panic of 1893 causes a large crash on the NY Stock Exchange
