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The Panic of 1873 was a financial crisis that triggered an economic depression in Europe and North America. Learn about the underlying causes, such as inflation, speculation, demonetization of silver, and the Franco-Prussian War, and the consequences for different countries and regions.
Panika roku 1873 – kryzys gospodarczy z 1873. Swoim schematem dokładnie przypominał wcześniejsze. Ekspansja kredytowa została zapoczątkowana wskutek wysokich kosztów zawiązanych z wojną secesyjną. Znacznie rozbudowano sieć kolejową, nastąpił także intensywny rozwój przemysłu hutniczego i stalowego.
After 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.
21 lut 2024 · Learn about the Panic of 1873, the first Great Depression in the U.S., caused by the bankruptcy of Jay Cooke and Company. Find out how it affected politics, society, and the economy, and how to study it for AP US History.
Learn how the panic of 1873, a financial crisis in the United States, devastated the labor movement and led to the rise of cooperatives and agrarianism. Explore the timeline, context, and causes of the panic and its impact on the economy and society.
Learn how the collapse of Jay Cooke and Company, a major railroad financier, triggered a nationwide economic crisis in 1873. Explore the impact of the panic on workers, businesses, and politics, and how it shaped the future of the country.
18 wrz 2023 · Jay Cooke, a legendary financier who backed the Northern Pacific Railway, went bankrupt in September 1873, plunging the U.S. into a five-year depression. Learn how railroad speculation, fraud and overinvestment led to the first great financial crisis in American history.
