Depression of 1873 (jan 1, 1873 – dec 31, 1874)
Description:
After a few key companies went under, a bunch of people tried to get their money out of banks, causing a panic. Pushed the country deeper into poverty in both North and South. Allowed Democrats to take control of the House in 1874 amid criticism of republican economic policy.Added to timeline:
Date:
jan 1, 1873
dec 31, 1874
~ 1 years and 11 months