Panic of 1896
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The Panic of 1896 was an acute depression that was less serious than other panics of the era precipitated by a drop in silver reserves and market concerns on the effects it would have on the gold standard. Deflation of commodities prices would drive the stock market to new lows in a trend that would only begin to reverse after the election of William McKinley. The failure of the National Bank of Illinois in Chicago is remembered as one of the motivating factors in the sensational Adolph Luetgert murder case.
During the panic, call money would reach 125 percent, the highest level since the Civil War.
[edit] See also
- Panic of 1819
- Panic of 1837
- Panic of 1857
- Panic of 1873
- Panic of 1884
- Panic of 1890
- Panic of 1893
- Panic of 1901
- Panic of 1907
- Panic of 1910-1911
- Great Depression
[edit] External Links and references
- Alchemy of Bones by Robert Loerzel. University of Illinois Press. Hardcover. ISBN 0-252-02858-9. [1]
- W.D. Gann's Forecasting Methods of Stocks and Bonds by D.K.Burton
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