Panic of 1873
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The Panic of 1873 was a financial crisis that triggered an economic depression in Europe and North America that lasted from 1873 to 1877, continuing until 1879 in the French Third Republic and in the
A bank run on the Fourth National Bank No. 20 Nassau Street, New York City, from Frank Leslie's Illustrated Newspaper, 4 October 1873
Black Friday, 9 May 1873, Vienna Stocks
New York police violently attacking unemployed workers in Tompkins Square Park, 1874
Ulysses S. Grant
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Ulysses S. Grant was the 18th president of the United States, serving from 1869 to 1877, and was the Commanding General of the Union Army, leading it to victory in the American Civil War in 1865.
Panic of 1873
…like many others, had invested heavily in the railroads. Some investment banks were then anxious for more capital for their enterprises. U.S. President Ulysses S. Grant's monetary policy of contracting the money supply and thus raising interest rates made matters worse for those in debt. Businesses were expanding, but…
Grant, c. 1870–1880
Grant's birthplace in Point Pleasant, Ohio
Grant as a young officer, c. 1845–1847
The Battle of Monterrey during which Grant saw military action