Note 347 — Chapter II
Henry P. (Henry Pomeroy) Horton translation
When we compare these figures with the course of economic events, we find the following: 1856 was a bad year economically, and 1857 and 1858 were still worse; in 1859 the situation improved, to become worse again in 1860, 1861, and 1862. The improvement was restored in 1863, while 1864 and 1865 were fair; in 1866, 1867, and 1868 conditions became worse again, but improved from 1869 to 1874. With 1875 things took a turn for the worse, and this condition lasted till 1879, when there was a slight improvement; 1880, 1881, and 1882 were fair, while 1883 was a passably good year. In 1884 a period of depression began, which lasted till 1888, following which there was an improvement until 1891, with the succeeding years up to 1894 not so good. In 1895 things once more took a turn for the better.347