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Jump Back in Time 西部扩张与改革
Poster of 'The War of Wealth' from 1895

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1857824日,俄亥俄终生保险与信托公司 (Ohio Life Insurance and Trust Company) 在纽约的分行宣布倒闭。很快就蔓延全美国,银行一家接着一家倒闭。1857年的经济大恐慌 (Panic of 1857) 让美国经济快速衰退,并持续了3年之久。许多人也失去他们的工作。你知道美国历史上另外一次财政恐慌发生在什么时候吗?

Adding to the troubles of the banks, the sailing ship full of gold lost its battle with the hurricane and sank to the bottom of the ocean. With their failed investments, it was impossible for the banks to gather all the gold their customers demanded.

On August 24, 1857, the New York branch of the Ohio Life Insurance and Trust Company failed. Soon all across the nation, banks began to collapse. The Panic of 1857 led to a severe economic depression in the United States that lasted three years. Many people lost their jobs. Can you think of another time in American history when there was another financial panic?

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