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February 20, 2009


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>>As a historian of the Gilded Age, I think that the Panic of 1893 can furnish some insight but not for reasons that appeal to the commentators. <<

Sorry to be a year late finding your blog. I am writing a novel which takes place just before, during and after the so-called Panic of 1893. In trying to determine what DID cause it, I'm coming up with references to everything from over expansion of the railroads to speculators to the the requirement that dollars be backed by silver, causing people to turn their dollars into silver and then into gold, which brought our nation's gold reserves to dangerous lows.

Can you shed some light on this? Also, if the Panic can shed some light on the current situation, what would it show? Thank you.

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