1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Kryger [21]
2 years ago
13

Which event brought about the panic of 1873

History
2 answers:
cluponka [151]2 years ago
7 0

Answer:

Explanation:

The panic started when the stock market in Europe crashed and Investors began to sell off the investments they had in American projects, especially the railroads. railway companies had been borrowing money to build new rails through bonds which were debt securities. The  Europeans started selling their railroad bonds, When there were soon more bonds for sale than anyone wanted and as a result, the railroad companies could no longer find anyone who would lend them cash and they went bankrupt. Jay Cooke & Company which was one of the biggest banks in New York City went bankrupt since it had invested a lot of money in the railroads. When people saw this they run to their banks demanding all of their money back.

Olin [163]2 years ago
5 0
Jay Cooke and Company closed its doors on September 18, 1873, a major economic panic swept the nation. Jay Cooke's firm had been the government's chief financier of the Union military effort during the Civil War<span>.

The Civil War.</span>
You might be interested in
Following World War II, the United States opposed the economic system of the Soviet Union and its allies because
Arlecino [84]

Answer:

too close to a free market

8 0
2 years ago
What is the name of the piece above?
aleksklad [387]
Huh? What piece???? I don’t get it
5 0
3 years ago
Read 2 more answers
Fill in the ones that are not filled in giving brainlist
Alex

Answer:

hope it helps :)

Explanation:

4 0
3 years ago
BRAINLIESTTTT ASAP!!!
AnnZ [28]
First the person will be located in the smokey corners of the building.

 He smells fire as he starts walking out a bit farther from the building.

 The person sees dead bodies but chooses to ignore it.

 He hears the battle cries of the soldiers who are fighting for their lives.

 He touches the side of a dead face that used to be his sisters but the look of it seems as distant memory.

 He then starts thinking if we win this battle we can get: our enemies cargo and retrieve many gifts from those around us for saving their homes and also we will have the honor of all of our enemies being destroyed!

A week after this battle we will be rich and happy! For we will have conquered our enemies and will never have to worry again! Lets defeat them!

               Signed,  Frequent Answerer Sargedog
6 0
3 years ago
Read 2 more answers
What did Erasmus teach needed to happen within the Church? Did his suggestions eventually come to pass?
Tanzania [10]

Answer:

Erasmus  

Explanation:

Erasmus was a Dutch scholar and Catholic priest whose views were distinct from many other religious reformers. Erasmus travelled throughout Europe as a biblical and humanist educator. He trusted the power of words and used his writing to attack scholars theology and clerical abuses and promote his philosophy of Christ.

Erasmus was condemned from all sides because of his ideas which were opposed by clergies. He had worked for peace and unity, only to experience war and breakup.

3 0
2 years ago
Other questions:
  • Who were the European colonists to settle in the United States
    12·1 answer
  • There are three different lines in this graph. What does each line stand for?
    12·1 answer
  • How did the bombing of Hiroshima and Nagasaki influence the course of World War II?
    12·1 answer
  • What was the main cause of the recession that began in​ 2007?
    11·2 answers
  • Complete this paragraph about how the countries of Europe plunged into
    5·2 answers
  • Which topic did Christians debate before the East-West Schism?
    6·1 answer
  • What role did geography play in the development of Athens as a dominant power amount the city states of Ancient Greece
    13·1 answer
  • How did hitler manipulate the term aryan for nazi purposes?
    14·1 answer
  • According to the ruling in the Plessy v. Ferguson case, why was segregation acceptable?
    8·1 answer
  • Answer as soon as possible plz!
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!