Panic of 1873 - Wikipedia
WEBThe Panic of 1873 was a financial crisis that triggered an economic depression in Europe and North America that lasted from 1873 to 1877 or 1879 in France and in Britain. In Britain, the Panic started two decades of stagnation known as the " Long Depression " that weakened the country's economic leadership. [ 1 ]
Financial Panic of 1873 | U.S. Department of the Treasury
WEBAfter the Civil War, the US banking system grew rapidly and seemed to be set on solid ground. But the country was hit by many banking crises. One of the worst happened in 1873 – during the time of the Freedman’s Bank. The panic started with a problem in Europe, when the stock market crashed.
The Panic of 1873 | American Experience | Official Site - PBS
WEBWhen the banking firm of Jay Cooke and Company, a firm heavily invested in railroad construction, closed its doors on September 18, 1873, a major economic panic swept the nation.
Panic of 1873 | United States history | Britannica
WEBThe Panic of 1873, which began with financial crises in Vienna in June and in New York City in September, marked the end of the long-term expansion in the world economy that had begun in the late 1840s.
Panic of 1873 - American History Central
WEBFeb 21, 2024 · The Panic of 1873 was an economic collapse triggered by the bankruptcy of Jay Cooke and Company, which plunged the United States into a four-year depression. This economic crisis resulted in widespread bankruptcies, including 89 railroad companies and 18,000 businesses.
Panic of 1873 - Teachinghistory.org
WEBThe Panic of 1873 stands as the first global depression brought about by industrial capitalism. It began a regular pattern of boom and bust cycles that distinguish our current economic system and which continue to this day.
The Panic of 1873 - This Month in Business History - Research ...
WEBThe Panic of 1873 triggered the first 'Great Depression' in the United States and abroad. Lasting from September 1873 until 1878/9, the economic downturn then became known as the Long Depression after the stock market crash of 1929.