The Politics of Economic Crises: The Panic of 1873, the End of Reconstruction, and the Realignment of American Politics1

  title={The Politics of Economic Crises: The Panic of 1873, the End of Reconstruction, and the Realignment of American Politics1},
  author={Nicolas Barreyre},
  journal={The Journal of the Gilded Age and Progressive Era},
  pages={403 - 423}
  • Nicolas Barreyre
  • Published 28 September 2011
  • History, Political Science
  • The Journal of the Gilded Age and Progressive Era
On September 18, 1873, the announcement of Jay Cooke and Company's bankruptcy sent Wall Street to a panic, and the country to a long, harsh depression. Americans interpreted this economic crisis in the light of the acrimonious financial debates born of the Civil War—the money question chief among them. The consequences transformed American politics. Ideologically ill-equipped to devise cohesive economic policies, political parties split dangerously along sectional lines (between the Northeast… 
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