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Jay Cooke & Company on September, 18, 1873. Jay Cooke was an American Financier, and helped finance the Union war during the American Civil War. He was born August 10, 1821 and died February 16, 1905.

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The Panic of 1873 was a financial crisis that had a severe economy depression in Europe and North America, Lasting from 1873 to 1879. It lead to bank failures, Job loses, and economic hardship that lasted for years. It started happening when people as if the banks weren't able to pay out gold and silver. This video tell a lot about what I just said.

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What Was The Panic Of 1873? - Learn About Economics

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Well it took place September 18, 1873 of course, due to bank runs and it caused depression, business failures, unemployment and political realignment.

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Where did the Panic of  1873 take place?

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Where did the Panic of  1873 take place?

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The Panic of 1873 took place in Europe and North America, it began in Vienna and Austria and it spread to other European cities like Berlin. It all began with a stock market crash in Europe and led to a huge wave of bake failures around the world.

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It happened because there was a financial crisis caused by a lot of investment from Jay Cooke & Company put into railroads in the U.S. Leading to a stock market crash and it triggered a depression known as the Long Depression.

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https://youtu.be/ZDp5dihD6tk?si=NDeb2Uq4XONIg8rk

This YouTube video tells a lot on how it happened.