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Panic of 1873

   Also found in: Wikipedia 0.01 sec.
Panic of 1873
bank failures led to extended depression. [Am. Hist.: Van Doren, 267–268]


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In spite of the Panic of 1873, a combination of bonds and private subscriptions raised enough to build Deady Hall between 1873 and 1876.
The Panic of 1873 kicked off the original Great Depression (which it was known as until the world rose out of the 1930’s Depression).
Andrew Carnegie launched his first steel mill during the Panic of 1873, the start of a long depression.
 
 
 
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