During the 1890s, economic depression caused voters to start turning away from urban political machines and start embracing urban political reformers.
The Panic of 1893 was an economic depression in United States that began on 1893 and ended on 1897. It deeply affected every sector of the economy and produced political upheaval that led to the political re-alignment of 1896 and the presidency of William McKinley.
The collapse in property prices in 1889 led to a spate of building society failures in 1890. As it became clearer that the fall in property prices was not just a temporary fluctuation, the financial collapse spread to the land banks.
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