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Elise Benton
History
2 April, 14:15
What is the main cause of the panic of 1873?
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Michael Farrell
2 April, 14:22
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Banks and other industries were putting their money in railroads. So when the banking firm of Jay Cooke and Company, a firm heavily invested in railroad construction, closed its doors on September 18, 1873, a major economic panic swept the nation.
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