History of the United States II / Unit 1 USH2 0028 short lesson, about 20 seconds
The Panic of 1873
Captions available
The idea
The Panic of eighteen seventy-three began in September, when the banking house of Jay Cooke and Company failed, and spiralled into a six-year depression.
In practice
Bank runs and closures spreading outward from that one failure.
Where people slip
Democrats blamed the Republicans for the hard decade that followed. The Yawp says economic issues then pushed Reconstruction off the national agenda.
Your place on the trail
Every lesson rests on earlier ones and opens later ones. Tap any to jump.
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