Panic of 1873
E5416
The Panic of 1873 was a severe global financial crisis that triggered a prolonged economic depression in the United States and Europe, marking a major turning point in the early Gilded Age.
Aliases (3)
- Long Depression ×3
- Crisis of 1873 ×1
- Panic of ’73 ×1
Statements (50)
| Predicate | Object |
|---|---|
| instanceOf |
banking crisis
→
economic panic → financial crisis → historical event → stock market crash → |
| alsoKnownAs |
Crisis of 1873
→
Panic of ’73 → |
| appliesToJurisdiction |
European economy
→
United States economy → |
| country |
Austria-Hungary
→
France → Germany → United Kingdom → United States → |
| describedAs |
turning point in the early Gilded Age
→
|
| followedBy |
Long Depression
→
|
| hasCause |
Franco-Prussian War economic disruptions
→
collapse of Jay Cooke & Company → demonetization of silver in the United States → monetary contraction → overinvestment in railroads → post–Civil War speculative bubble → |
| hasEffect |
Democratic Party gains in the 1874 U.S. elections
→
Long Depression → bank failures → business failures → decline in railroad construction → expansion of government regulation debates → falling prices → growth of anti-monopoly sentiment → increased support for bimetallism → labor unrest → mass unemployment → political realignment in the United States → prolonged economic depression in Europe → prolonged economic depression in the United States → rise of Greenback movement in the United States → wage cuts → weakening of Reconstruction policies → |
| location |
New York City
→
Vienna → |
| mainSubject |
banking instability
→
monetary policy in the 19th century United States → railroad speculation → |
| partOf |
Long Depression
→
|
| pointInTime |
1873
→
|
| precededBy |
American Civil War economic boom
→
|
| significantEventFor |
Gilded Age
→
|
| startTime |
1873-09-18
→
September 18, 1873 → |
Referenced by (8)
| Subject (surface form when different) | Predicate |
|---|---|
|
Panic of 1873
("Panic of ’73")
→
Panic of 1873 ("Crisis of 1873") → |
alsoKnownAs |
|
Great Railroad Strike of 1877
→
Panic of 1893 → |
precededBy |
|
Panic of 1873
("Long Depression")
→
|
followedBy |
|
Panic of 1873
("Long Depression")
→
|
hasEffect |
|
Gilded Age
→
|
majorEvent |
|
Panic of 1873
("Long Depression")
→
|
partOf |