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Economic Depression Collection

Amidst the grandeur of Victorian London's Orange Court Drury Lane, a stark contrast unfolded as the Panic of 1893


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Amidst the grandeur of Victorian London's Orange Court Drury Lane, a stark contrast unfolded as the Panic of 1893, an economic depression that lasted from 1893 through 1897, gripped the world. The Wall Street crash of 1884 and the panic in the New York Stock Exchange in May 1893, as depicted in this illustration from Frank Leslies Illustrated Newspaper, marked the beginning of hard times. In the heart of the financial district, once bustling streets now echoed with silence and despair. Across the Atlantic, the Adriatic Coast of Italy, specifically Lignano Sabbiadoro, mirrored the economic downturn with empty beaches and closed parasols, as vacationers were forced to cut costs during these trying times. A scripture reader in a Night Refuge, a shelter for the homeless and destitute, offered solace and hope amidst the despair. The economic crisis may have passed, but its impact on the lives of ordinary people lingered long after the markets recovered.