1882 Census of Traders Point and Long Depression

I just received the above excerpt from the 1882 census showing several interesting facts about Traders Point at that time.   The graded school was located between Moore and Lafayette Roads at the top of the hill.  Recently I have found it helpful to relate dates to macro events occurring in the country at the same time.    In 1882 we were emerging from the long depression, a humble reminder that recessions and depressions are always with us.   Here’s an excerpt from wiki about the “long depression”:

In the United States, economists typically refer to the Long Depression as the Depression of 1873–79, kicked off by the Panic of 1873, and followed by the Panic of 1893, book-ending the entire period of the wider Long Depression.[4] The National Bureau of Economic Research dates the contraction following the panic as lasting from October 1873 to March 1879. At 65 months, it is the longest-lasting contraction identified by the NBER, eclipsing the Great Depression’s 43 months of contraction.[5][6]

In the US, from 1873–1879, 18,000 businesses went bankrupt, including hundreds of banks, and ten states went bankrupt,[7] while unemployment peaked at 14% in 1876,[8] long after the panic ended.

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About Ross Reller

I am pleased you have expressed interest in learning more about the historic Traders Point area in Indianapolis, Indiana. From 1980 to 1982 I was employed in the PR department at Conner Prairie Museum in Hamilton County. There I learned about William Conner, an important figure in Indiana's pioneer days. A decade later I became interested in the history of the Traders Point area and was surprised to learn that William Conner had been the first land owner in the area. In 1823 he acquired, through the Federal land office in Brookville, a patent for an 80 acre tract carved by Eagle Creek and an Indian trail that was about to be named the first toll roadway through the township (Lafayette Road). Thirty years later a village took shape within this tract. A grain mill on the creek, houses, churches, stores, restaurants, and two gas stations would take shape here in the creek valley hamlet of Traders Point. By 1962 all improvements (except a farmer's co-op) had been removed by the Indianapolis Flood Control Board to make way for Interstate 65 and a new reservoir. This blog is dedicated to preserving evidence of this historic area but I will occasionally use it to discuss related topics. To activate this follow, simply click the confirm button below. If you don't want to follow, ignore this message and we'll never bother you again. I am also a member of the Old Pleasant Hill Cemetery, a non profit association still selling burial plots for those who would like to spend all eternity in Traders Point, and I am an officer in the Pike Township Historical Society and the Traders Point Association of Neighborhoods.
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