"By the time of Cleveland's inauguration, farm foreclosures and railroad bankruptcy signaled economic trouble. On May 3rd, 1893, the stock market crashed." (America, pg. 588) This crash led to a depression, which in effect left the country with an unemployment rate of over 20 percent. The democrats, who had gained power in the House of Representatives and governorships, "bore the brunt of the responsibility for the economic crisis." (America, pg. 592) From this crisis arose the hard focus on the silver question, and the bimetal standard became a critical issue as many were calling for more money to be put in circulation. The depression and dwindling money supply also led to the gold purchase by J.P. Morgan and other private bankers to replenish the country's gold supplies. Other events spurred by the Panic of 1893 include the Pullman Strike and Coxey's Army marching on Wasbington.