Panic of 1873


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Panic of 1873

bank failures led to extended depression. [Am. Hist.: Van Doren, 267–268]
References in periodicals archive ?
Chapter 3, another broad contextual chapter, explores the impact of the Panic of 1873 on opera, particularly on how foreign-language opera came to be widely seen as expensive and elitist (largely because of steep fees charged by Italian stars and high ticket prices) and how Americans increasingly preferred other forms of theatrical entertainment, such as opera bouffe, comic opera, extravaganza, and English-language grand opera.
life insurance industry was formed in response to the Panic of 1873, when some life insurers with speculative investments failed, life insurers face strict investment rules.
Fifty years before Lorca, another foreign poet had visited New York City just in time to witness the first great depression to impact Wall Street (now called the "Panic of 1873").
In the wake of a global economic depression (the Panic of 1873), Ward's partners bailed out.
Instead, the best parallel for the China meltdown is the very first closing of the New York Stock Exchange during the panic of 1873. That incident, like the one in China, took place against the backdrop of huge overinvestment in infrastructure (mostly railroads, heavily subsidised by the federal government) and a highly leveraged financial sector.
Part II: The Panic of 1873 and Bust, 1873-1875 Historical Analysis
Before he made it big, his first company went into bankruptcy when he couldn't pay his creditors and employees during the Panic of 1873. One year later, he recovered and started and grew H.J.
And probably many of you think I was at the Great Panic of 1873," said Silverstein, 82.
The restored homes of the German-Jewish Gumpertz family, whose patriarch disappeared during the 'Panic of 1873', and the Italian-Catholic Baldizzi family, who lived through the Great Depression were coloured by incredible stories of poverty and stoicism.
The ample wall space also facilitated the creation of galleries depicting topics such as engineering the transcontinental railroad, erecting the built environment of railroad expansion and financing the iron horse as well as the Credit Mobilier scandal and the Panic of 1873. A separately designed and installed education room emphasized the twin challenges of construction and communication through the pairing of original and digital collections of A.
"Anyone who honestly recalls the 1970s," he writes, "with Watergate, Vietnam, stagflation, and the energy crisis, cannot really believe that our present difficulties are unrivaled." And this is to say nothing of the generations that endured the Great Depression, the financial panic of 1873, and the Civil War.
After the financial Panic of 1873, Jacob Bunn spent five years trying to save his bank and all its customers from ruin.