Hey Everyone! I’m new to this site as of today and really excited. I teach AP US History as well as AP World History here in Colorado and have a question about the real causes of the Panic of 1873. In your opinion what were the real causes of it rather than the typical textbook answers that don’t make any sense? : ))))
Thanks for joining the site. I hope you enjoy the material. I briefly discussed this issue in my last presentation for U.S. History to 1877. The corrupt Republican controlled governments at both the State and general level spent heavily on internal improvements in the post war period. That coupled with debt and inflation led to a natural contraction in both the U.S. and Great Britain. Excessive spending+excessive debt+high inflation=recipe for disaster.