sep 1, 1873 - The Panic of 1873 began.
Description:
The Panic of 1873 was the United States' first "Great Depression." Causes of the panic are often debated and combined, including inflation, risky investments, and even the demonitization of silver. Regardless of the cause, this event put an immense damper on reconstruction efforts.Added to timeline:
Date:
sep 1, 1873
Now
~ 151 years ago