Image result for the panic of 1873

Image result for the panic of 1873

The Long Depression began with the Panic of 1873 and lasted until 1879, a 65 month contraction of the U.S. economy. A second depression hit the country in 1893. Businesses, banks and railroads went bankrupt, with unemployment peaking in 1878 with a rate estimated between 9-14%.

Crisis Chronicles: The Long Depression and the Panic of 1873 - The Big Picture

Crisis Chronicles: The Long Depression And The Panic Of 1873

from Liberty Street Economics-- this post authored by Thomas Klitgaard and James Narron

Railroads were the nation's largest non-agricultural employer in 1873. The…

The Great Financial Panic of 1873 - Closing the door of the Stock Exchange on its members, Saturday, Sept.

Panic of 1873 | Teachinghistory.org

Panic of 1873

History of the NYSE: Growth and Panic 1873

History of the NYSE: Growth and Panic 1873

During Rutherford B. Hayes's administration the economy turned around (following the Panic of 1873).  President Hayes wrote in his diary-- "I can say in truth-- I left this great country prosperous and happy and the party of my choice strong, victorious, and united.  In serving the country I served the party."

During Rutherford B. Hayes's administration the economy turned around (following the Panic of 1873). President Hayes wrote in his diary-- "I can say in truth-- I left this great country prosperous and happy and the party of my choice strong, victorious, and united. In serving the country I served the party."

Financial Panics of the 19th Century: Panic of 1873 Depicted in Magazine Illustration/Library of Congress

How Periodic Financial Panics Rocked the American Economy In the 1800s

Financial Panics of the Century: Panic of 1873 Depicted in Magazine Illustration/Library of Congress

"Jay Cooke’s Gamble: The Northern Pacific Railroad, the Sioux, and the Panic of 1873" (M. John Lubetkin).

Panic of M. John Lubetkin, Jay Cooke’s Gamble: The Northern Pacific Railroad, the Sioux, and the Panic of 1873 (Univ. of Oklahoma,

Black Friday, 9 May 1873, Vienna Stock Exchange. The Panic of 1873 and Long Depression followed.

Black Friday At May 1873 At The Vienna Stock Exchange, Wood Engraving From 1873 Deutsch

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