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It caused an economic depression and loss of hope. It used to be called the Great Depression, before the Great Depression of the 1930's. It is now called the Long Depression. It also lead to conflict in the USA over the backing of money i.e. The Gold Standard vs The Free Silver Movement.
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What closed the banks in 1873?
The Panic of 1873 closed the banks.
What statement was best describes the main cause of the panic of 1873?
The Panic of 1873 began with the bankruptcy of Jay Cooke and Company. A+ Learning.
It followed the Panic of 1873?
it something that has to do with history
What statements best describes the main cause of the panic of 1873?
Jay cooke :) <=3
What statement best describes the main cause of the panic of 1873?
Jay cooke :) <=3
What closed banks in 1873?
The Panic of 1873 closed the banks.
What closed the banks in 1873?
The Panic of 1873 closed the banks.
Which statement best describes the main cause of the Panic of 1873?
The Panic of 1873 began with the bankruptcy of Jay Cooke and Company.
What hurt the republican party?
The financial panic known as Panic of 1873
What statement was best describes the main cause of the panic of 1873?
The Panic of 1873 began with the bankruptcy of Jay Cooke and Company. A+ Learning.
Was the panic of 1873 blamed on the republicans?
yes
It followed the Panic of 1873?
it something that has to do with history
What industry employed the most workers in the Panic of 1873?
As the Panic of 1873 began to unfold, railroad companies employed the most people. Approximately 2 million jobs were in the railroad industry.
What resulted from the panic of 1873?
Economic problems and depression around the world
What result from the panic of 1874?
The things that happened after the panic of 1873 were the downfall of the Jay Cooke and Company in September 1973, and the Coinage act of 1873. Another thing that happened was the Great Railroad Strike in 1877.
What problems did the economic depression cause in 1873?
The Panic of 1873 caused an economic depression in the 1870s because banksacross the land closed .
What caused the panic of 1873?
investors took on more debt than they can afford.
