Four year economic depression caused by overspeculation on railroads and western lands, and worsened by Grant's poor fiscal response (refusing to coin silver)
Four year economic depression caused by overspeculation on railroads and western lands, and worsened by Grant's poor fiscal response (refusing to coin silver)
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The Panic of 1873 closed the banks.
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The Panic of 1873 closed the banks.
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The Panic of 1873 began with the bankruptcy of Jay Cooke and Company.