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The Panic of 1873 caused an economic depression in the 1870s because banksacross the land closed .

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Gertrude Carroll

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Q: What problems did the economic depression cause in 1873?
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What resulted from the panic of 1873?

Economic problems and depression around the world


What resulted from the panic 1873?

economic problems and depression around the world (apex)


What led to the economic depression of 1873 in Britain?

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.


What caused an economic depression in the 1870s?

The Panic of 1873 caused an economic depression in the 1870s because banksacross the land closed .


Wealthy new york financier whose bank collapse in 1873 set off an economic depression?

Jay Cooke


What was the worst US economic depression in the late 19th century?

In the Winter of 1873 to 1874, the US was in the worst economic depression in its history. Unemployment was very high and even food was scarce in some places. This depression, did however, give more strength to labor unions.


Panic of 1873?

Four year economic depression caused by overspeculation on railroads and western lands, and worsened by Grant's poor fiscal response (refusing to coin silver)


What was the effect of the panic of 1873?

It caused an economic depression and loss of hope. It used to be called the Great Depression, before the Great Depression of the 1930's. It is now called the Long Depression. It also lead to conflict in the USA over the backing of money i.e. The Gold Standard vs The Free Silver Movement.


What was a major cause of the Great Depression of the 1930's?

A.Loans between countries that were not being repaidB.The crash of the American Stock MarketC.The Fascist dictatorships in Germany and ItalyD.The increased isolationism of European economies


Why did the coinage act of 1873 cause protest?

The Coinage Act of 1873 stopped the minting of silver coins.


Why did the Coinage Act 1873 cause protest?

The Coinage Act of 1873 stopped the minting of silver coins.


When was the first depression in the Unites States?

The first depression was in 1807. Other depressions were: 1815-21 1873-79 1920-21 1929-33 Great Depression All other downturns have been recessions.