2 Aug 1857 Jahr - Panic of 1857

Beschreibung:

The Panic of 1857 was a severe nationwide economic downturn that began when the Ohio Life Insurance and Trust Company failed, triggering a financial crisis that affected banking and commerce. The panic highlighted the vulnerabilities in the U.S. economy, particularly affecting the northern states more severely than the southern states, due in part to the South's stable cotton-based economy.

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