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r-ruslan [8.4K]
4 years ago
5

Which event brought about the panic of 1873?

History
1 answer:
Free_Kalibri [48]4 years ago
7 0
American Post-Civil War inflation, the demonetization of silver in Germany and the US, and a large trade deficit were all factors. If it wants the main cause, I'd probably say the demonetization of silver.
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Answer:

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In the wake of the industrial revolution, the international order changed. Nations needed raw materials and markets, and they needed to secure them before other nations did. That also shaped the form of imperialism used in the 1800s. Before, the European countries tried to settle in the conquered territories and work the land. But in 1800, nations established outposts and an extractive economy that sought to obtain the raw materials as quickly and as efficiently as possible.  

Nations also needed to control markets for their goods, which led to wars against large Empires like China, which was a huge potential market. The British set an example for other Nations by imposing trade treaties with the use of warships.  

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