Jay Cooke and Company investment bank files for bankruptcy, after having overextended itself in railroad securities. This touches off the three year long Panic of 1873.
[restored 5/8/2022]
Subsequent Events:
References:
The Federal Reserve and you
endthefednc.wordpress.com/
U.S. Banking Timeline
www.libertyforlife.com/banking/currency-us-timeline.html
Current U.s. National Debt:
