June 27th - Day In History - The New York Stock Exchange crashed, adding to the Panic of 1893

June 27th - Day In History


The New York Stock Exchange crashed, adding to the Panic of 1893. (1893) The "Panic of 1893" was the worst economic depression in U.S. history before the Great Depression in the 1930s. Many banks failed, and the New York Stock Exchange (NYSE) crash further exacerbated the situation. People started exchanging paper money for gold and silver, worsening the economic