New York Gov. Roswell Flower used his keynote speech to a national audience on “New York Day” at the Chicago World’s Fair to downplay the threat of the Panic of 1893, which started the nation’s worst depression up to that time.
“This business men of this country deserve the greatest praise for the manner in which they have held their heads above water during these frightful days,” he said, speaking on September 5, 1893. [Read more…] about The Panic of 1893: Among The Most Severe Financial Crises U.S. History