The Panic of 1873 and the depression that followed caused

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The Panic of 1873 resulted in a depression that caused massive business bankruptcies and unemployment, particularly in the industrial and railroad sectors. It was one of the most severe and longest economic downturns in American history, lasting until 1879. While there were some calls for a return to "sound" money policies, there were no significant relief programs at the state or federal level, and there was not a significant increase in the issuance of greenbacks or inflation.

The Panic of 1873 and the Depression That Followed Caused