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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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Earn +20 ptsQ: What was the effect of the panic of 1873?
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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 statement best describes the main cause of the panic of 1873?
Jay cooke :) <=3
What statements best describes the main cause of the panic of 1873?
Jay cooke :) <=3
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