September 20 in American History
After the banking firm Jay Cooke & Co. collapsed under railroad debt, panic spread through the financial system so fast that the NYSE closed for ten days straight — the first time in its history. The Panic of 1873 tipped the country into a depression that lasted years.
In 1873: the New York Stock Exchange shuts its doors. After the banking firm Jay Cooke & Co.
After the banking firm Jay Cooke & Co. collapsed under railroad debt, panic spread through the financial system so fast that the NYSE closed for ten days straight — the first time in its history. The Panic of 1873 tipped the country into a depression that lasted years.
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