Economic Turmoil of 1893
The bankruptcy of the National Cordage Company triggered a devastating economic collapse, leading to the failure of over 16,000 businesses and soaring unemployment rates, reminiscent of the Great Depression. As communities suffered, a group of unemployed individuals, known as Coxey's Army, marched on Washington to demand government intervention. This historic protest inspired speculation about its influence on literature, particularly in the creation of a beloved children's classic.In this clip
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The Panic of 1893
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