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The Panic of 1884 was an economic panic during the Depression of 1882–1885.[1] It was unusual in that it struck at the end rather than the beginning of the recession. The panic created a credit shortage that led to a significant economic decline in the United States, turning a recession into a depression.[2]
- ^ Sherlock, Thomas J. (2013-04-15). Colorado's Healthcare Heritage: A Chronology of the Nineteenth and Twentieth Centuries Volume One — 1800-1899. Bloomington, IN: iUniverse. p. 287. ISBN 9781475980257.
- ^ Quentin, Skrabec (2015). The 100 Most Important American Financial Crises: An Encyclopedia of the Lowest Points in American Economic History. Santa Barbara, CA: ABC-CLIO. p. 103. ISBN 9781440830112.