1 gen 1873 anni - Panic of 1873

Descrizione:

The Panic of 1873 began when a series of bad railroad investments forced powerful banking firms to declare bankruptcy. Fear spread through financial community as smaller banks and the stock market plummeted. Thousands of businesses shut down and tens of thousands thrown out of work. This time of panic is significant because it would encourage thousands of workers to engage in labor unions and demand better working conditions and pay, which would ultimately help shape the American economy.