Panic and Consolidation---------
- the panic in 1893 was the worst depression up to that point of time.
- by the end of 1893, 600 banks and 15,000 businesses had failed, and by 1895 4 million americans were out of a job.
- In mid 1894, a quarter of the railroads were owned by financial companies
Through the 'Golden door"
- Came in the late 19th century to early
Europeans'
- Between 1870 and 1920 about 20 million Europeans arrived in the US.
- Before 1890, most immigrants came from counties in western and northern Europe.
In1907, 1 million people arrived from Italy, Austria-Hungary, and Russia.
Chinese and Japanese
- Between 1851 and 1883, 300,000 Chinese arrived.
- Most wanted to seek fortune after the discovery of gold from the gold rush.
- Helped build the nations railroad.
- After building the railroads, they either turned to farming, or mining.
- some started a
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