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The failure of a large investment bank is what led to the economic depression in Britain in 1873. The bank that failed was Jay Cooke and Company.

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What was the economic collapse called during the 1930's?

The economic collapse during the 1930s is commonly referred to as the Great Depression. It began with the stock market crash in October 1929 and led to widespread unemployment, bank failures, and a severe decline in economic activity worldwide. The Great Depression had lasting effects on economies and societies, prompting significant changes in government policies and economic practices.


What economic disaster happened in the 1920's?

The stock market crashed in 1929 which was a cause of the Great Depression.


What were the warning signs of economic trouble in the 1920s that led to the great depression?

There was a lot of agricultural trouble in the South. The North had too many people from immigration. Then there was overuse of the credit card.


The 1893 economic depression was triggered by the failure of one of the country's leading railroad companies?

The 1893 economic depression was primarily triggered by the collapse of the Philadelphia and Reading Railroad, which led to a crisis of confidence in the financial markets. This failure caused a ripple effect, leading to bank closures and a significant decline in stock prices. The subsequent economic turmoil resulted in widespread unemployment and a severe contraction in industrial production. Overall, the depression highlighted the vulnerabilities within the rapidly expanding industrial economy of the United States at that time.


Why was Germany in an economic depression after World War 2?

After World War II, Germany faced a severe economic depression primarily due to the destruction of its infrastructure, industries, and cities from the war. The country was also burdened by reparations and the loss of valuable territories, which exacerbated its economic woes. Additionally, the division of Germany into East and West further complicated recovery efforts, with each side adopting different economic systems. The combination of these factors led to widespread unemployment, inflation, and a struggle to rebuild the economy.

Related Questions

Why were the 1930s called the devil's decade?

It was a period of financial difficulty caused by the 1929 Wall Street Crash that led to a global depression. Britain had an economic decline


What did The Panic of 1837 eventually led to?

a worldwide economic crisis called the long depression


The massive government spending of the new deal led to the end of depression?

No it did not end the depression. Though it helped some, it led to only short term economic improvement.


Contributed to the global economic crisis during the great depression?

Postwar reparations led to hyperinflation and economic collapse in Germany.


Which event led to the most dramatic expansion of economic regulation by the federal government?

The Great Depression.


The Great Depression led to high unemployment as many companies?

instituted production cutbacks, which led to major layoffs


How did financial crisis contribute of the Great Depression?

Postwar reparations led to hyperinflation and economic collapse in Germany.


What were the 3 major flaws in the US economy that led to great depression?

Political Weaknesses Economic Weaknesses Social Weaknesses


Panic of 1877?

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.


How did panic of 1873 affect reconstruction?

The Panic of 1873 significantly impacted Reconstruction by diverting attention and resources away from the South, exacerbating economic challenges and hindering efforts to rebuild the region. As the financial crisis led to a nationwide depression, Northern interest in Southern affairs waned, resulting in reduced political support for Reconstruction policies. This shift contributed to the eventual collapse of Reconstruction efforts and the rise of Jim Crow laws, as federal commitment to civil rights diminished in the face of economic turmoil. Ultimately, the Panic helped entrench racial and economic inequalities in the post-Civil War South.


The constitution conventon was called to address the problem that the us faced under the article of confederation which of these was not a problem that led to the convention?

economic depression


What economic disaster happened in the 1920's?

The stock market crashed in 1929 which was a cause of the Great Depression.