Extra. Senseless Panic
by (PANIC OF 1873.)
- Used
- Very Good
- Condition
- Very Good
- Seller
-
Stevenson, Maryland, United States
Payment Methods Accepted
About This Item
Broadside (18 x 12 in.). Old folds. Very good.
The Panic of 1873 was set off by the failure of Jay Cooke & Co., the leading American banker of its day. Because of financial crises in Europe , the Credit Mobilier scandal, and related problems, the firm declared bankruptcy on September 18, 1873. The bank's failure set of a chain of events including the failure of many insurance companies and banks and the ten-day closure of the New York Stock Exchange starting on September 20. Within two months 55 railroads had failed. The downturn, which lasted for the rest of the decade, was known as the Great Depression until the 1930s depression took that name.
This broadside, headed "Senseless Panic," attempts to reassure the public that the banks are not ruined and, apart from "undue expansion in the railroad interest," all is well. It begins, "It is high time the public recovered their reason. The panic has infinitely exceeded any real occasion in the situation of affairs. … There has not been one banking or commercial failure caused by insolvency …"
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Details
- Seller
- 19th Century Rare Book and Photograph Shop (US)
- Seller's Inventory #
- 32820741
- Title
- Extra. Senseless Panic
- Author
- (PANIC OF 1873.)
- Book Condition
- Used - Very Good
- Quantity Available
- 1
- Publisher
- New York Daily Bulletin
- Place of Publication
- New York
- Date Published
- September 24, 1873
- Weight
- 0.00 lbs
Terms of Sale
19th Century Rare Book and Photograph Shop
30 day return guarantee, with full refund including shipping costs for up to 30 days after delivery if an item arrives misdescribed or damaged.
About the Seller
19th Century Rare Book and Photograph Shop
About 19th Century Rare Book and Photograph Shop
Glossary
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- New
- A new book is a book previously not circulated to a buyer. Although a new book is typically free of any faults or defects, "new"...