The Coinage Act of 1873 in the United States is signed into law by President Ulysses S. Grant; coming into effect on April 1, it ends bimetallism in the U.S., and places the country on the gold standard.
Events from the year 1873 in the United States. January 1 – The California Penal Code goes into effect. January 17 – Indian Wars: The first Battle of the Stronghold is fought during the Modoc War. February 20 – The University of California opens its first medical school in San Francisco. March – Downers Grove, Illinois is incorporated.
The Panic of 1873 was a financial crisis that triggered an economic depression in Europe and North America that lasted from 1873 to 1877 or 1879 in France and in Britain. In Britain, the Panic started two decades of stagnation known as the "Long Depression" that weakened the country's economic leadership. [1] .
The Panic of 1873, which began with financial crises in Vienna in June and in New York City in September, marked the end of the long-term expansion in the world economy that had begun in the late 1840s.
Historical Events for the Year 1873. 1st January » Japan begins using the Gregorian calendar. 17th January » A group of Modoc people or Modoc warriors defeats the United States Army in the First Battle of the Stronghold, part of the Modoc War. 11th February » King Amadeo I …
2024年2月21日 · The Panic of 1873 was an economic collapse triggered by the bankruptcy of Jay Cooke and Company, which plunged the United States into a four-year depression. This economic crisis resulted in widespread bankruptcies, …