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Panic of 1884

Index Panic of 1884

The Panic of 1884 was a panic during the Depression of 1882-85. [1]

9 relations: Depression of 1882–85, Gold reserve, Great Depression, National bank, New York Clearing House, Panic of 1873, United States, United States Department of the Treasury, Wall Street.

Depression of 1882–85

The Depression of 1882–85 or Recession of 1882–85 was an economic contraction in the United States that lasted from March 1882 to May 1885, according to the National Bureau of Economic Research.

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Gold reserve

A gold reserve was the gold held by a national central bank, intended mainly as a guarantee to redeem promises to pay depositors, note holders (e.g. paper money), or trading peers, during the eras of the gold standard, and also as a store of value, or to support the value of the national currency.

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Great Depression

The Great Depression was a severe worldwide economic depression that took place mostly during the 1930s, beginning in the United States.

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National bank

In banking, the term national bank carries several meanings.

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New York Clearing House

The New York Clearing House Association created in 1853, is the first and largest U.S. bank clearing house and has helped the banking system in America’s financial capital to develop.

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Panic of 1873

The Panic of 1873 was a financial crisis that triggered a depression in Europe and North America that lasted from 1873 until 1879, and even longer in some countries (France and Britain).

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United States

The United States of America (USA), commonly known as the United States (U.S.) or America, is a federal republic composed of 50 states, a federal district, five major self-governing territories, and various possessions.

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United States Department of the Treasury

The Department of the Treasury (USDT) is an executive department and the treasury of the United States federal government.

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Wall Street

Wall Street is an eight-block-long street running roughly northwest to southeast from Broadway to South Street, at the East River, in the Financial District of Lower Manhattan in New York City.

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Redirects here:

1884 financial crisis.

References

[1] https://en.wikipedia.org/wiki/Panic_of_1884

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