Premium Only Content

#OnThisDate September 20, 1873 - Financial Earthquake
The Panic Of 1873 Was A Defining Moment In American Economic History, Marking The Beginning Of What Is Now Referred To As The Long Depression.
On September 20, 1873, The New York Stock Exchange Closed For Ten Days Following The Collapse Of Jay Cooke & Company, A Major Investment Bank That Had Overextended Itself In Financing Railroad Expansion, Particularly The Northern Pacific Railroad.
Jay Cooke, A Renowned Banker, Was Unable To Sell Enough Bonds To Keep The Firm Afloat, Triggering Widespread Panic.
This Financial Crisis Exposed The Fragility Of The Overheated Economy, Leading To A Chain Reaction Of Bankruptcies Across The United States And Europe.
Thousands Of Businesses Failed, Railroad Construction Halted, And Unemployment Soared.
By 1876, It Was Estimated That Nearly A Quarter Of The Nation's Railroads Had Gone Bankrupt.
The Panic Had International Repercussions, As It Coincided With A Global Recession, Particularly Impacting Britain And Germany.
The Political Consequences Were Profound. The Ulysses S. Grant Administration, Already Facing Criticism Over Corruption, Was Blamed For The Laissez-Faire Economic Policies That Preceded The Crash.
The Panic Also Intensified Debates Over Monetary Policy, Including The Role Of Greenbacks And The Gold Standard, Foreshadowing Later Financial Reforms.
The Panic Of 1873, Though Often Overshadowed By The Great Depression, Remains A Critical Event In Understanding The Cycles Of Boom And Bust That Define Capitalist Economies.
For enthusiasts of Historical Ephemera, visit History-Collectors.com to find collectibles that might complement your collection.
You Can Own A Piece Of History.
Before you go, a simple way to support the efforts of this channel is to Like, Subscribe, Comment And Share.
-----------------------------------------------------------------------
#TDIH #Ephemera #Patriotic #Americana #History #HistoryCollectors #Ephemera #Historical #AmericanHistory #HistoricalFacts #HistoryMatters #FinancialHistory #RailroadCollapse #EconomicCrisis
-
4:53
History-Collectors.com
1 day ago#OnThisDate July 15, 1913: Seventeenth Shift
62 -
10:39
ARFCOM News
17 hours ago $1.53 earnedFeds Cave on 18yr Olds | Gun-Free Zones = Loot Drops | Cops Drop Sig 320
4.12K4 -
8:08
The Car Guy Online
16 hours ago $1.38 earnedFord’s SHOCKING 'Solution' for 694,000+ Fire-Prone SUVs! Bronco Sport and Escapes.
4.53K6 -
LIVE
BEK TV
23 hours agoTrent Loos in the Morning 7/17/2025
202 watching -
LIVE
The Bubba Army
22 hours agoIs Trump LYING?! - Bubba the Love Sponge® Show | 7/17/25
1,734 watching -
LIVE
FyrBorne
13 hours ago🔴Warzone M&K Sniping: Can Anything Defeat The TR2 Meta?
141 watching -
16:10
Ohio State Football and Recruiting at Buckeye Huddle
1 day agoOhio State Football: The 10 Most Unbreakable Defensive Records in Buckeye History
18K -
12:42
The Shannon Joy Show
14 hours ago🔥Autism Spike & mRNA Deaths.🔥
15.5K5 -
27:47
The Jack Brewer Show
14 hours agoThe Jack Brewer Show S1 EP2 | Eric Metaxas on Culture, Fatherhood, and Biblical Truth #podcast
8.91K2 -
0:27
Rena Malik, M.D.
23 hours ago $1.06 earnedWhat's the difference between two game-changing treatments for BPH? | Rezum vs. BPH
11.6K2