From: HistoryDaily.com - An Entertaining Look Back By Trevor Smith and Charles Smith> on May 5,... 1893 the New York stock market crashed. In mid-February of that year panic hit when a number or railroads went bankrupt. Investors began dumping shares of railroads and other industries, which began the worst economic downturn in American history to-date. To replace their sold stocks, investors purchased gold which depleted the U.S. Treasury's gold reserve. On May 5 the stock market suffered its worse day until the crash of 1929, and by the end of 1893 almost twenty percent of the nation's workforce was unemployed. This economic depression lasted until 1897.< -- Jim Devine [EMAIL PROTECTED] http://myweb.lmu.edu/jdevine
