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[[Image:Octops2.jpg|thumb|550px|The Populist book ''Coin's Financial School'' (1894 p. 124) blamed the Rothschild's for controlling the world's money and causing the panic]]

[[Image:Octops2.jpg|thumb|550px|The Populist book ''Coin's Financial School'' (1894 p. 124) blamed the Rothschild's for controlling the world's money and causing the panic]]

The most memorable cultural events were the [[World's Columbian Exposition|Chicago World's Fair]] of 1893. The hard times and utopian dreams that characterized the era were immortalized in L. Frank Baum's [[Wizard of Oz|''The Wonderful Wizard of Oz'' (1900)]].

The most memorable cultural events were the [[World's Columbian Exposition|Chicago World's Fair]] of 1893. The hard times and utopian dreams that characterized the era were immortalized in [[L. Frank Baum]]'s ''The [[Wonderful Wizard of Oz]]'' (1900).

The [[Sherman Silver Purchase Act]] of 1890 has been partially blamed for the panic. Passed in response to a large overproduction of silver by western mines, the Sherman Act required the U.S. Treasury to purchase silver using notes backed by either silver or gold. Politically the Democrats and President Cleveland were blamed for the depression.  The Democrats and Populists lost heavily in the 1894 elections, which marked the largest Republican gains in history.   

The [[Sherman Silver Purchase Act]] of 1890 has been partially blamed for the panic. Passed in response to a large overproduction of silver by western mines, the Sherman Act required the U.S. Treasury to purchase silver using notes backed by either silver or gold. Politically the Democrats and President Cleveland were blamed for the depression.  The Democrats and Populists lost heavily in the 1894 elections, which marked the largest Republican gains in history.