1895 Investment Bankers J.P. Morgan and August Belmont lend $65 million to the U.S. Government.Timeline State: New YorkTimeline Country: United StatesTimeline Subjects: the economyEra: 1801-1900 Read more about 1895
1901 On March 2, U.S. Steel Corporation is formed. Capitalized at $1.4 billion, it is first billion dollar corporation in U.S. history.Timeline State: PennsylvaniaTimeline Country: United StatesTimeline Subjects: the economyEra: 1901-2000 Read more about 1901
1893 The Depression of 1893 begins a five-year economic downturn.Timeline State: N.A.Timeline Country: United StatesTimeline Subjects: the economyEra: 1801-1900 Read more about 1893
1870 On January 10, John D. Rockefeller and four partners found the Standard Oil Company in Cleveland.Timeline State: OhioTimeline Country: United StatesTimeline Subjects: the economyEra: 1801-1900 Read more about 1870
1857 The Panic of 1857 initiates another major downturn in the U.S. economy. The recession that follows will last for two years.Timeline State: N.A.Timeline Country: United StatesTimeline Subjects: the economyEra: 1801-1900 Read more about 1857
1848 The discovery of gold on January 24, at Sutter's Mill in Coloma, California initiates the California Gold Rush which brings 100,000 people to the region by 1850.Timeline State: CaliforniaTimeline Country: United StatesTimeline Subjects: the economyEra: 1801-1900 Read more about 1848
1837 The Panic of 1837 initiates a five-year economic depression.Timeline State: N.A.Timeline Country: United StatesTimeline Subjects: the economyEra: 1801-1900 Read more about 1837
1819 The Panic of 1819 initiates a major economic recession. Prosperity returns in 1824.Timeline State: N.A.Timeline Country: United StatesTimeline Subjects: the economyEra: 1801-1900 Read more about 1819
