The Long Depression of 1873: Lessons.

The Long Depression of 1873: Parallels and Comparisons. Are we Missing Economic Information from an Important Piece of American Financial History?

The Year Was 1873
The year was 1873 and much of the world was entering into a long period of economic depression. The beginning of the Long Depression is typically marked by the crash of the Vienna stock market, which sent ripples across Europe and eventually the United States with the fall of Jay Cooke & Company. Read More

Panic of 1873
America experienced an economic boom following the end of the Civil War. Wall Street banks took part in financing a massive expansion of industry and the country's railroad system. Wages for both skilled and unskilled labor rose to their highest levels ever in the late 1860s and early 1870s. In 1873, however, the boom turned to bust. Read more

Panic and Depression 1869-1871

History of Economic Recessions