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Panic of 1877

Updated: 9/7/2023
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9y ago

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The Panic of 1873 was a response to the failure of the banking firm Jay Cooke and Company and the severe economic depression that resulted. This led to the Great Railroad Strike of 1877. The goal was the decimate the railroad system that had ruined their livelihood.

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The significance of the Panic of 1837 was that it kicked off The Great Depression. The financial crisis last for seven years.

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10y ago

i dont know u muda ashhole

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The things that happened after the panic of 1873 were the downfall of the Jay Cooke and Company in September 1973, and the Coinage act of 1873. Another thing that happened was the Great Railroad Strike in 1877.


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