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The Panic of 1873 was a financial crisis that triggered an economic depression in Europe and North America. It was caused by various factors, such as inflation, speculation, demonetization of silver, and war reparations, and had different impacts on different countries.
21 lut 2024 · The Panic of 1873 was a financial crisis that led to a four-year depression in the U.S., triggered by the bankruptcy of Jay Cooke and Company. It had significant effects on politics, society, and the economy, and was followed by the Long Depression.
Learn how the Panic of 1873 started with a stock market crash in Europe and affected many American banks, including the Freedman's Bank. Find out how the panic led to railroad bankruptcies, bank failures, and economic hardship.
Learn how the first global depression of industrial capitalism was triggered by currency changes, railroad speculation and bank failures. Explore the impact of the Panic of 1873 on the U.S. economy, politics and society.
The Panic of 1873 was a global financial crisis that ended the long-term expansion of the world economy. It affected the US railroad industry, the architect Louis Sullivan, and the stock market.
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.
The panic of 1873 was a severe economic crisis that devastated the labor movement in the United States. It led to the decline of national unions, the rise of cooperatives and agrarianism, and the loss of workers' bargaining power.
