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21h 12min, dec 31, 1872 y - Panic of 1873: American post-Civil War inflation, rampant speculative investments (overwhelmingly in railroads), the demonetization of silver in Germany and the United States, property losses in the Chicago (1871) and Boston (1872) fires, and other factors put a massive strain on bank reserves, which plummeted in New York City in September and October 1873 from $50 million to $17 million.

Added to timeline:

10 months ago
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126
1860-1900

Date:

21h 12min, dec 31, 1872 y
Now
~ 146 years ago
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