Panic of 1873 (oct 1, 1873 – mar 1, 1879)
Description:
Financial crisis that triggered a depression; caused by: post civil-war inflation, rampant speculative investments, the demonetization of Silver in the US, a large trade deficit, and other massive strains that plummeted NYC bank reservesAdded to timeline:
Date:
oct 1, 1873
mar 1, 1879
~ 5 years and 4 months