Baltimore bank riot

rdf:langString Baltimore bank riot

rdf:langString The Baltimore bank riot of 1835 in the major port city of Maryland was a violent reaction to the failure of the Bank of Maryland in 1834. Thousands of citizens had lost millions of dollars in savings. The riot, which lasted from 6 to 9 August, attacked the homes and property of a number of former directors of the bank, who had been accused of financial misconduct and fraud, as well as the federal district courthouse located on Battle Monument Square. The Baltimore bank riot was one of the most violent and destructive events of civic unrest in any American city prior to the Civil War. Rioters destroyed many of the homes of the city's wealthiest and most prominent citizens, and much valuable property was smashed or burned, but was later restored. The authorities were unable to control the violence and effectively surrendered the city to the mob, which was actively or passively supported by numerous bystanders. The state of Maryland later paid $100,000 in compensation to persons who had lost property in the rioting.