September 1873 saw the beginning of the "panic of 1873," a financial crisis brought on in part by speculation in railroads. The crisis included the fall of American banking house Jay Cook & Company, which was precipitated by the failure of Northern Pacific Railway shares. The panic triggered a depression in Europe and North America that lasted from 1873 until 1879. Image: Portrait, Jay Cooke, founder of Jay Cooke & Company. This image is in the public domain in the United States as its copyright has expired.
Related Articles
Associated Places
Event Source
Event date
Sep 1873
Event date
Event date
Parent Chronology
Vetted?
Yes