In 1893, the World's Columbian Exposition was held in Chicago to celebrate the 400th anniversary of Christopher Columbus's arrival in the Americas. This grand fair showcased advancements in technology, culture, and architecture, featuring the iconic Ferris Wheel as a major attraction. The year also marked significant events in history, including the Panic of 1893, a severe economic depression in the United States. This financial crisis led to widespread unemployment and bank failures, impacting many Americans and shaping future economic policies.