The growing societal and economic interest was most influenced by the widening income gap between industrial laborers and factory bosses.
Step-by-step explanation:
- In the late 1880's and 1890's the government the American economy fell down precipitously. Farmers struggled a lot due to the economic depression and the whole country followed later on.
- one of the reasons for this cause was the investment of banks in railroad bonds.
- Depression of 1893 was manifold. Rapid proliferation of railroad lines resulted in creation of false growth for the economy.
- Investors and banks invested in a scheme that they never realized that it was built on a bubble.
- Unemployment increased from 3% to 19% within a very short period of time.
- By 1895 due to the economic depression of the 1890's , Americans were used to seeing people homeless on the streets.