Baltimore has suffered through many hardships through out its history. Nothing more when hit by the Great Depression of 1929. Some had Baltimore in a strangle hold that people of those eras didn't think they would come back from. The Embargo Depression of 1808 unlike the Great Depression was political and effected it differently. Baltimore at that time was known for its manufactuirng skills. Unemployment became rapid in Baltimore which led to a considerable amount of lost finances. Baltimore exports dropped from 10, 016, 257 to 1, 890, 704 in 1808. Even Baltimore's commerce was hit hard that made things looked bleak. Very much what the Great Depression did. Baltimore officials had no choice but resort to a pulbic lottery in hoping of bringing things back from dispair. It did settle things a bit but Baltimore was still in a crisis. Just as Baltimore was going through the Great Depression and slowly recover from it.
In 1819 Baltimore like the rest of the country was suffering through a depression that hit economically. Baltimoreans in manufacturing industry's were losing jobs because of the manufactories had stopped. About one third of those manufactories went to one and half. Leaving six thousand workers with out work. Prices of businesses dropped to a point of catastrophic failure. Salaries were reduce to a point of twent five per cent. Even properties were affected being taxed two dollars on each own property worth a hundred dollars. That propmted Batlimore to create the economic soup society to handle things financially. Banks in Baltimore along with the rest of the country were forced to suspend all payments. Baltimore in 1819 was going through a panic economically almost broke the city. Through all that Baltimore would survive and push forward.
Years to follow such as in 1837 Baltimore went through a depression other words called "The Panic of 1837" unlike the depression of 1929 was prosperous for this city. Propserous but with its disadvantages such as riots where Baltimore was called mob town before boom town. With the help of Samuel Smith and three thousand volunteers help stopped the riots. The panic continued on May 11, 1837 with all banks in Baltimore operations of payments were suspended. With the help of currency by Baltimore and Ohio Railroad thought of denominations worth up to five cents, ten cents, and twenty five cents in bringing money circulation. By 1842 Baltimore's own credit was at a dismal down fall because of the panic of 1837. Later a period of five years came with a wind of liquidation unheard in Baltimore but didn't needed that much recovery. Baltimore much like else through its history have gotten through calmly. Even through the Ohio Railroad strike in July of 1887 where that word mob town was placed on Baltimore again. As the result of Baltimore going through these inexpilcable depressions situations when B&O Railroad shutting down become casulty's.
Each crisis or depression was different but shared other aspects that the Great Depression in 1929 had through out Baltimore city. In 1914 another depression started but adverted by goods sold to Europe because of the war. After the war ended a knife shaking depression happened and Baltimore own Banks clearances evaporated dropping to twenty five percent. Baltimore's transportation system was paralyzed with a substantial increase of suicides. Compared to the Great Great Depression of 1929 Baltimore had went through a cycle of catastrophies. Being that in 1929 was the most traumatic because of it over expanding and just crippled this city tremendously.
