The Panic of 1873

The Panic of 1873 was a major economic crisis during the 1870s that affected the U.S. and Europe. It was mainly due to high levels of financial speculation and the rapid growth of railroads. This video discusses the causes and effects of the Panic, including a brief overview on the Great Railroad Strike of 1877.

00:00 Causes of the Panic
01:10 Collapse of Jay Cooke & Company
01:52 Great Railroad Strike of 1877
04:01 Financial Crisis in Europe
04:54 Long-Term Effects of the Panic
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*All images used are in the public domain. Attribution or additional details for specific images are given below:

Image 2: This file is licensed under the Creative Commons Attribution 4.0 International license. Image courtesy of Heritage Auctions, August 11th, 2010.
Image 6: This file is made available under the Creative Commons CC0 1.0 Universal Public Domain Dedication
Image 10: This is a faithful photographic reproduction of a two-dimensional, public domain work of art. The work of art itself is in the public domain in the United States because it was published (or registered with the U.S. Copyright Office) before January 1, 1928.
Images 11, 17: This is a faithful photographic reproduction of a two-dimensional, public domain work of art. The work of art itself is in the public domain in the United States.
Sources & References:

https://en.wikipedia.org/wiki/Panic_of_1873
https://en.wikipedia.org/wiki/Great_Railroad_Strike_of_1877
https://www.library.hbs.edu/hc/crises/1873.html
https://teachinghistory.org/history-content/beyond-the-textbook/24579

Видео The Panic of 1873 канала RapidHistory