Great Depression in the United States
The Great Depression began in August 1929, when the United States economy first went into an economic recession. Although the country spent two months with declining GDP, it was not until the Wall Street Crash in October 1929 that the effects of a declining economy were felt, and a major worldwide economic downturn ensued. The stock market crash marked the beginning of a decade of high unemployment, poverty, low profits, deflation, plunging farm incomes, and lost opportunities for economic growth as well as for personal advancement. Altogether, there was a general loss of confidence in the economic future.
San Francisco riot of 1877
From 1873 through the rest of the 1870s a severe economic crisis swept the United States of America known to history as the Long Depression. Economic contraction in the eastern United States proved the motivation for many to pull up stakes and try to reestablish themselves in the West coast mecca of California. Indeed, between the years 1873 and 1875 an estimated 150,000 workers made their way to the "Golden State," many of whom settled in the state's only metropolis, San Francisco.