WHAT WAS THE PANIC OF 1887

The Panic of 1887 was when wildcat mines lost millions of dollars on speculation and caused a very depressed iron market.

It was a stock market crash

The Panic of 1887 refers to a financial crisis that occurred in the United States in 1887. It was characterized by a severe economic recession and a significant stock market decline.

To understand the details of the Panic of 1887, you can follow these steps:

1. Research primary sources: Start by looking for contemporary newspaper articles, journals, and other written accounts from that time. These sources can provide firsthand information about the events leading up to and during the panic.

2. Consult secondary sources: Next, read books, scholarly articles, and reputable websites that analyze and provide historical context for the Panic of 1887. These sources often examine various factors such as economic conditions, government policies, and market trends that contributed to the crisis.

3. Study economic indicators: To grasp the underlying causes of an economic crisis, it is important to study economic indicators of the time period. Look into factors like inflation, interest rates, unemployment rates, and industrial production figures. These indicators can shed light on the economic conditions that may have triggered the panic.

4. Examine policy decisions: Analyze the monetary and fiscal policy decisions made by the government and central banks during that period. Look for policies related to currencies, banking regulations, or trade tariffs, as these policies can significantly impact economic stability.

5. Consider global events: Understand the international context of the Panic of 1887. Explore global events such as foreign trade, gold or silver standards, or geopolitical tensions that might have influenced the crisis.

By following these steps and conducting thorough research, you can gain a better understanding of the Panic of 1887 and its underlying causes.