Panic of 1873 (1 jan 1873 ano – 1 jan 1877 ano)

Descrição:

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

Adicionado na linha do tempo:

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