This preview shows page 1. Sign up to view the full content.
Unformatted text preview: increasingly unpredictable and volatile economy. Panic led to a long succession of workers' strikes, climaxing in the Great Uprising of 1877. This was the first nationwide strike. It began in West Virginia. Workers in the railroad industry were protesting a 10% wage cut. Many others were discontent with the railroads and the strike spread nationwide. Railroad traffic ground to a halt. Rioting persisted for a week and the federal army had to be called in. Depression of 1893. Much more serious than 1873. Major railroads went bankrupt. The stock market crashed. Banks closed. Nationwide unemployment hit 3 million. Jails were crowded with vagrants. A fresh round of strikes....
View Full Document
- Spring '08
- Civil War