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  Economic Panic of 1893
Brief Description:  An economic panic began in 1893 and lasted until about 1897. During this period, St. Louis´ manufacturers gross value grew only by two percent. The most marked decline was in flour and grist mill products. The economic depression eliminated the premium that local flour had previously enjoyed. Nearly half of the city´s mill closed their doors. In addition to mills, men´s clothing, construction, fruit and vegetable canning, agricultural machinery, and lumber production went into decline. Brewing, the City´s largest industry was also affected, as St. Louis slipped to fifth in beer production by the end of the 1890s. Only 19 of the 40 St. Louis breweries in operation in 1860 survived by 1900. The industrial and manufacturing losses also resulted in massive layoffs.
Year:  1893
Decade:  1890 - 1899
Beginning Date:    1893
Ending Date:     Jan. 01, 1897



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