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* 1873 – Panic of 1873: The U. S. bank Jay Cooke & Company declares bankruptcy, triggering a series of bank failures.
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Alexis Carrel ( June 28, 1873 – November 5, 1944 ) was a French surgeon and biologist who was awarded the Nobel Prize in Physiology or Medicine in 1912 for pioneering vascular suturing techniques.
* 1873 – The Clay Street Hill Railroad begins operating the first cable car in San Francisco's famous cable car system.
Iuliu Maniu ( 1873 – 1953 ) was prime minister with an agrarian cabinet from 1928 to 1930, but the Great Depression made proposed reforms impossible.
His father, Julius Mathison Turing ( 1873 – 1947 ), was a member of an old aristocratic family of Scottish descent who worked for the Indian Civil Service ( the ICS ).
Alexander Mackenzie, PC ( January 28, 1822 – April 17, 1892 ), a building contractor and newspaper editor, was the second Prime Minister of Canada from November 7, 1873 to October 8, 1878.
This hypothesis of the contents of the Mouseion, originally suggested by Nietzsche ( Rheinisches Museum 25 ( 1870 ) & 28 ( 1873 )), appears to have been confirmed by three papyrus finds – one 3rd century BC ( Flinders Petrie Papyri, ed.
* 1873 – Austrian explorers Julius von Payer and Karl Weyprecht discover the archipelago of Franz Joseph Land in the Arctic Sea.
Alfred Jarry ( 8 September 1873 – 1 November 1907 ) was a French writer born in Laval, Mayenne, France, not far from the border of Brittany ; he was of Breton descent on his mother's side.
* 1873 – American Indian Wars: while protecting a railroad survey party in Montana, the United States 7th Cavalry, under Lieutenant Colonel George Armstrong Custer clashes for the first time with the Sioux near the Tongue River ; only one man on each side is killed.
1873 and Panic
However, his term was marked by economic depression that had grown out of the Panic of 1873, which Mackenzie's government was unable to alleviate.
For a time, he began to regain his income, but the insurance company went bankrupt in the Panic of 1873 and Davis had difficulty finding new work.
In the Panic of 1873, Alfred continued to expand, including the purchase of Spanish mines and Dutch shipping, making Krupp the biggest company in Europe but nearly bankrupting it.
* 1874 – The United States Greenback Party is established as a political party consisting primarily of farmers affected by the Panic of 1873.
The construction of the Suez Canal was one of the reasons of the Panic of 1873, because the goods from the Far East were carried in sailing vessels around the Cape of Good Hope and were stored in British warehouses, but sailing vessels were not adaptable for use through the Suez Canal, because the prevailing winds of the Mediterranean Sea blow from west to east.
His reputation was marred by his repeated defense of corrupt appointees, and by the deep economic depression ( called the " Panic of 1873 ") that dominated his second term.
Booming post-war industrial markets and the expansion of the American West fueled wild speculation and corruption throughout the United States, only to come to an abrupt crash with the Panic of 1873.
Grant's personal reputation as President suffered from the continued scandals caused by many corrupt appointees and personal associates and for the ruined economy caused by the Panic of 1873.
The Panic of 1873 was a world-wide depression that started when the stock market in Vienna crashed in June 1873.
After the Panic of 1873, Congress debated an inflationary policy to stimulate the economy and passed the Legal Tender Act ( known as the " Inflation Bill ") on April 14, 1874 to increase the nation's tight money supply.
* September 18 – The New York stock market crash triggers the Panic of 1873, part of the Long Depression.
* November 25 – The United States Greenback Party is established as a political party, made primarily of farmers financially hurt by the Panic of 1873.
As a result of the Panic of 1873 Jay Gould was able to pick up bargains, among them the control of the Union Pacific Railroad and Western Union also fell under his control.
However, during the economic chaos of the Panic of 1873, the price of silver dropped significantly, but the Mint would accept none for striking into legal tender.
During the Panic of 1873, a number of railroads, including the St. Paul and Pacific Railroad ( StP & P ), had gone bankrupt.
A deep national economic depression following the Panic of 1873 led to major Democratic gains in the North, the collapse of many railroad schemes in the South, and a growing sense of frustration in the North.
The five-year depression following the Panic of 1873 caused cheap-money advocates ( led by Representative Richard P. Bland, a Democrat of Missouri ), to join with silver-producing interests in urging a return to bimetallism, the use of both silver and gold as a monetary standard.
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