Question

Bankers on Wall Street felt the recession of the late 19% century the worst. True or false?
True
False

Answer 1

False. The recession of the late 19th century, specifically the Panic of 1893, was indeed severe, but it is often considered to have affected various sectors of the economy broadly, including agriculture and industry, rather than being uniquely felt by Wall Street bankers. While financial institutions were impacted, the broader economic turmoil affected many more aspects of society and the economy. Therefore, the statement that "bankers on Wall Street felt the recession the worst" is false.