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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:

APUSH timeline

ByAlyson Lo
6 May 2022
0
0
359

Date:

jan 1, 1873
jan 1, 1877
~ 4 years
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