An American history . 4J .. ^ 41 JlJ -^ ^. COURT OF HONOR, COLUMBIAN EXPOSITION Americans regarded her course as a defiance of the MonroeDoctrine. The eagerness with which the action of the Presi-dent was commended in America led England to reconsiderthe matter. At length it was adjusted satisfactorily byarbitration. 720. Repeal of the Silver Act. Shortly after his inaugura-tion, President Cleveland felt it necessary to call a specialsession of Congress. What is known as the panic of 1893 ^ ^ At the same time the vast Columbian Exposition was in progress at year previous, the four
An American history . 4J .. ^ 41 JlJ -^ ^. COURT OF HONOR, COLUMBIAN EXPOSITION Americans regarded her course as a defiance of the MonroeDoctrine. The eagerness with which the action of the Presi-dent was commended in America led England to reconsiderthe matter. At length it was adjusted satisfactorily byarbitration. 720. Repeal of the Silver Act. Shortly after his inaugura-tion, President Cleveland felt it necessary to call a specialsession of Congress. What is known as the panic of 1893 ^ ^ At the same time the vast Columbian Exposition was in progress at year previous, the four hundredth anniversary of the discovery of Americahad been generally celebrated. The exposition, also designed as a celebration,was not opened to the public until May i, 1893. 512 AMERICAN HISTORY had thrown the business world into confusion. Numbersof banks had failed and many railroads had gone into the handsof receivers. One of the chief causes of the panic was a generalmovement among European investors to get rid of Americansecurities.
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