Panic of 1893

The panicked scene at the New York Stock Exchange on the infamous morning of Friday, 5 May, 1893
The panicked scene at the New York Stock Exchange on the infamous morning of Friday, 5 May, 1893

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

Historical Drawings