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Gay Nineties Economic Depression

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The Gay Nineties were a romantic myth of the ages that provided solace in the trying times of warfare that followed with the turn of the century. Points of crisis in history often induce a false nostalgia for the “good old days” of the past. Contrary to the sentiment the 1890’s is often met with, the period was infused with racism and marked by an economic depression and American colonial expansionism.
The severe economic depression was far reaching. A quarter of the nation’s railroads went bankrupt, unemployment among industrial workers went rampant, and a disastrous fall in commodity prices and land values impoverished many farmers (Daniels 2007). Americans of different incomes experienced the depression in varying ways. Some poor families

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