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What closed the banks in 1873?

The Panic of 1873 closed the banks.


What closed banks in 1873?

The Panic of 1873 closed the banks.


Which statement best describes the main cause of the Panic of 1873?

The Panic of 1873 began with the bankruptcy of Jay Cooke and Company.


What hurt the republican party?

The financial panic known as Panic of 1873


What statement was best describes the main cause of the panic of 1873?

The Panic of 1873 began with the bankruptcy of Jay Cooke and Company. A+ Learning.


It followed the Panic of 1873?

it something that has to do with history


Was the panic of 1873 blamed on the republicans?

yes


What industry employed the most workers in the Panic of 1873?

As the Panic of 1873 began to unfold, railroad companies employed the most people. Approximately 2 million jobs were in the railroad industry.


The Panic of 1873 and the Panic of 1893 were started because of failures of businesses involved in which industry?

The Panic of 1873 was triggered by the failure of Jay Cooke & Company, a major bank heavily invested in railroad bonds, which led to a collapse in the railroad industry. Similarly, the Panic of 1893 was largely caused by overbuilding and speculation in the railroad industry, resulting in a series of bankruptcies that destabilized the financial system. Both events highlighted the vulnerabilities of the economy tied to the railroad sector during that era.


What resulted from the panic of 1873?

Economic problems and depression around the world


What result from the panic of 1874?

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.


What problems did the economic depression cause in 1873?

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