Rutherford Hayes

In the summer of 1847, Rutherford Hayes – born on October 4, 1822 – met Miss Lucy Ware Webb. Despite believing himself to have sufficient “wisdom and experience” to make him immune from love at first sight, Hayes confessed that Miss Webb had become his ideal woman from her initial impression. “On a sudden impulse, unmeditated, involuntary,” Hayes said, describing the moment four years after their first meeting, when he thought it no longer possible to conceal his feelings for Miss Webb, he declared his love. They married on December 30, 1852.

Hayes became president in 1877, during America’s first Great Depression — caused by displacement due to the Civil War.


Charles Richard Williams, The Life of Rutherford Birchard Hayes: Nineteenth President of the United States (Boston: Houghton Mifflin, 1914).

Charles P. Kindleberger, Manias, Panics, and Crashes: A History of Financial Crises, Revised Edition (New York: Basic Books, 1989).

Rendig Fels, American Business Cycles, 1865-1897 (Westport: Greenwood Press, 1959).