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Due to the economic decline from failure of the Ohio Life
Insurance and Trust Company, the railroad industry and many businesses experienced declining demand for their products. Railroad workers were laid off and many businesses were shut down.
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crops for food. At the conclusion of the war, European farm production resumed and
American agricultural exports declined, causing a drop in value of American foodstuffs. Because of the
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by employees and officers of the company is sometimes mentioned as another contributing cause of the office's closure.
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46:(1853-1856), much of Europe's farm labor was engaged in the military, resulting in Europe becoming dependent on
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offices ceased operations due to bad investments, especially in agriculture-related businesses. During the
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The
Revival of 1857–58: Interpreting an American Religious Awakening
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192:This United States bank–related article is a
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102:"Ohio Life Insurance and Trust Company"
30:, which existed from 1830 to 1857. The
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243:Defunct companies based in Cincinnati
20:Ohio Life Insurance and Trust Company
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263:Bank failures in the United States
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129:Gibbons, J. S. (September 1907).
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152:Long, Kathryn Teresa (1998).
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258:Banks disestablished in 1857
196:. You can help Knowledge by
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268:1830 establishments in Ohio
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253:Banks established in 1830
273:United States bank stubs
160:Oxford University Press
107:Ohio History Central
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131:"The Panic of 1957"
36:economic depression
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112:. Retrieved
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
