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.

* 1873 – Panic of 1873: The U. S. bank Jay Cooke & Company declares bankruptcy, triggering a series of bank failures.

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.

Grant's response to the Panic of 1873 and the severe depression that followed was ineffective.

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.

The Panic of 1873 had led to an economic depression that persisted through much of the decade.

* 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.

There were financial failures across the country in the Panic of 1873.

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.

* 1873 – Der Krach: Vienna stock market crash heralds the Long Depression.

In 1873, Germany and much of Europe and America entered the Long Depression beginning in 1873, the Gründerkrise.

At the time of the Great Depression ( of the 1930s ), the phrase " The Great Depression " had already been used to refer to the period 1873 – 96 ( in the United Kingdom ), or more narrowly 1873 – 79 ( in the United States ), which has since been renamed the Long Depression.

Starting with the adoption of the gold standard in Britain and the United States, the Long Depression ( 1873 – 1896 ) was indeed longer than what is now referred to as the Great Depression, but shallower.

The decision further constricted the nation's money supply and was seen by critics as an exacerbating factor of the so-called " Long Depression " which struck in 1873.

** Long Depression, an economic depression during 1873 – 96, known at that time as the Great Depression

A post office named " Long Rapids " operated from October 1873 until August 1933.

Portions of the township have been taken to form Long Branch ( April 11, 1867 ), Eatontown ( April 4, 1873 ), Asbury Park ( March 26, 1874 ), Neptune Township ( February 26, 1879 ), Sea Bright ( March 21, 1889 ), Allenhurst ( April 26, 1897 ), Deal ( March 7, 1898 ), Monmouth Beach ( March 9, 1906 ), Interlaken ( March 11, 1922 ) and Loch Arbour ( April 23, 1957 ).

In 1873, the Long Island Rail Road arrived to provide service to nearby Port Jefferson, providing the town's name.

He also wrote The Peripatetic Philosopher ( 1869 ), a series of amusing papers reprinted from The Australasian ; Long Odds ( London, 1870 ), a novel ; and numerous comedies and pantomimes, the best of, which was Twinkle, Twinkle, Little Star ( Theatre Royal, Melbourne ; Christmas, 1873 ).

The Long Depression, starting in 1873 and lasting almost to the end of the century, created difficult social conditions in Britain-similar to the economic problems that drove rural agitation in Ireland.

The Long Depression was a worldwide economic recession, beginning in 1873 and running through the spring of 1879.

In the United States, economists typically refer to the Long Depression as the Depression of 1873 – 79, kicked off by the Panic of 1873, and followed by the Panic of 1893, book-ending the entire period of the wider Long Depression.

The panic of 1873 and the Long Depression lead to heavily anti-capitalist and anti-liberal sentiments and the liberal movement in Austria began to decline, with pan-German ideas and parties gaining strength at the same time.

Stewart incorporated the Central Railroad of Long Island in 1871 and completed it in 1873, running from Long Island City through his development at Garden City to a brick yard at ( Old ) Bethpage and docks at Babylon.

On October 6, 1873, the CNJ leased the New York and Long Branch Railroad, which was in the process of building from Perth Amboy southeast to Long Branch.

Iuliu Maniu ( 1873 – 1953 ) was prime minister with an agrarian cabinet from 1928 to 1930, but the Great Depression made proposed reforms impossible.

The University of Michigan moved from Detroit to Ann Arbor in 1839, and the city showed steady growth throughout the 19th and 20th centuries, except during the Depression of 1873.

In 1851, Ann Arbor was chartered as a city, though the city showed a drop in population during the Depression of 1873.

The Depression of 1873 dried up much of Furness ’ s work, and he was forced to let Sullivan go.

" The Long-Wave Depression, 1873 – 97 ," Review of Economics and Statistics, Vol.

" Depression of 1873 – 1879 ".

: Musson, A. E. ( 1959 ) The Great Depression in Britain, 1873 – 1896: A Reappraisal ," Journal of Economic History, Vol.

" Distress, Relief, and Discontent in the United States during the Depression of 1873 – 78 ," Journal of Political Economy, Vol.