Panic of 1873 (jan 1, 1873 – jan 1, 1877)
Description:
Jay Cooke & Co. invested too much in postwar RXR building
- fail leading investment banking firm
- panic
- inflation from paper $ during Civil War
- printed more money = worthless
LED TO
resumption act 1876 = money is now gold not paper
Added to timeline:
Date: