Panic of 1873 (1 sept 1873 año – 1 mar 1879 año)

Descripción:

The Panic of 1873 was a major financial crisis triggered by the collapse of the Jay Cooke & Company bank, which had heavily invested in railroad construction. This led to a stock market crash, bank failures, and widespread unemployment. The panic resulted in a depression that lasted for several years, severely impacting the economy and contributing to labor unrest and political shifts, including the rise of the Greenback movement advocating for inflationary monetary policies.

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