The Crimean war and the subsequent agricultural surplus contributed to the recession of 1857.
The recession of 1857 was the sharp depression of the United States economy that occurred in 1857. A general recession first appeared in his late 1856, but in mid-1857 began the gradual bank and corporate collapse that marked the Depression.
Although the general recession was short-lived, the recovery was uneven and the lasting effects were more political than economic. In the United States, more than 5,000 of his businesses went bankrupt in a year, with unemployment and protests in urban areas.
The gold flowing into the American market played a role in helping inflation of the currency. Changes in the global economy and trade caused by the Crimean War between Britain and Russia have forced American companies into volatile global markets.
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