Panic of 1873 (1 ene 1873 año – 1 ene 1877 año)
Descripción:
Jay Cooke & Co. invested too much in postwar RXR building
- fail leading investment banking firm
- panic
- inflation from paper $ during Civil War
- printed more money = worthless
LED TO
resumption act 1876 = money is now gold not paper
Añadido al timeline:
fecha:
1 ene 1873 año
1 ene 1877 año
~ 4 years