America’s backstory: America was in a huge boom. The Industrial Revolution created jobs and more jobs. Trains, telegraphs and more were the new “norm”
Another area of note was while slave trade in the British Empire had been banned in 1833, the injustice of Americans who were slaves and ownership of slaves was still ongoing.
America’s Layman Prayer Revival really started in the embers of Charles Finney’s Rochester NY Revival where 100,000 were saved. Charles Finney then began preaching at Park Street Church in Boston for ten months through April 1856. His weekly Revival seminars trained pastors and lay people from every where. Everywhere there was a town, someone was often likely traveling across the nation to hear his messages to take back home. Hundreds of ministries were birthed. Thousands of people continued being saved.
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John Girardeau ran the Anson Street Presbyterian Church. He was involved in starting the South Carolina Revival in 1857.
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August 24, 1857: the New York branch of the Ohio Life Insurance and Trust Company and another bank in NYC failed.
October 8th Phoebe Palmer in Hamilton, Ontario, Canada was at the end of a Revival tour. She was asked to do another meeting Phoebe did the meeting and would go onto do several more. What followed began the John Street Methodist Church Revival. Two days later, America’s econmic boom suddenly ends.
As news of the stock market and bank crashes spread via telegraph, the response of the people was prayer.
October 1857 when American’s banks fell, England was the first to have their banks fail, starting with the ones that did business with America. As British investors pulled out of America, the back lash made their own banks go into a downward spin. In the country where the sun never set, all their colonies and who they did business with began to have financial and bank failures. It reached as far as India and Asia and around the world.
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