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]
3 years ago
13

Which event brought about the panic of 1873

History
2 answers:
cluponka [151]3 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]3 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
Which strength did Andrew Johnson bring to the presidency?
Fofino [41]

Answer:

commitment to black civil rights

Explanation:

4 0
3 years ago
Here is some information about four countries. Based on this
guajiro [1.7K]

Answer:

democratic

undemocratic

not sure

3 0
3 years ago
What was one affect of the conflicts between native americans and white settlers?
Murljashka [212]
Settlers thought they were devils because of their culture.
8 0
3 years ago
Who were some of the queens and/or princesses that reigned during the American colonies' time-period?
aivan3 [116]

<u>Answer</u>:

Anne was one of the queen that reigned during the American colonies' time-period

<u>Explanation</u>:

Anne was one of the queens who wished to rule independently but had intellectual limitations due to bad health. She was motivated largely by Anglican church. She had lesser interest in Roman Catholics.  

She was known for her reign tactics. She also had the greatest of sympathies from High Church Tories. Political parties dominated mostly during the time, and she sought to free out of the clutches of the dominion of the political parties back then. William’s death was the main reason she succeeded him.

6 0
3 years ago
What impression does Cortés give about the city of Tenochtitlán?
Wittaler [7]

The correct answer is - It is well built and well-organized.

Even though Cortes was not very fond of the people he encountered and fought in Central America, the total opposite can be said about his thoughts of their achievements and he actually admired their architecture and organization. He was on the opinion that the Aztec capital, Tenochtitlan, was a very beautiful city, with very nice architecture, and that it was very well organized.

5 0
3 years ago
Read 2 more answers
Other questions:
  • Latinarose28
    6·1 answer
  • How did poor economic conditions affect the cold war?
    8·1 answer
  • The system of writing used by the mycenaeans was called ?
    14·1 answer
  • How is history like a basketball game
    14·2 answers
  • Who wrote the first code of law that was not subject to the king's will?
    6·1 answer
  • What is not a main part of socialism?
    11·2 answers
  • Which is the most extreme system of social inequality?
    9·2 answers
  • In the Declaration of Independence, Thomas Jefferson argued for certain "l
    8·1 answer
  • Why did congress pass the enforcement acts of 1870 and 1871?
    5·1 answer
  • You have learned that the 1920s were a decade of social and economic change in the United States, and all these changes earned t
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!