The Silver Crash and Long Depression of 1873 - Wild West Banking

The Silver Crash and Long Depression of 1873 - Wild West Banking

Explore the global financial crisis of 1873-1879 and its lasting impact in this 24-minute video lecture. Delve into the causes and consequences of the Silver Crash and Long Depression, examining how rapid expansion, speculation, and the gold vs. silver debate contributed to economic turmoil. Learn about key events like the Jay Cooke collapse and the Coinage Act, as well as the role of figures such as Ulysses Grant. Gain valuable insights into historical economic forces and their relevance to current financial challenges. Discover how this pivotal period shaped the direction and identity of the Little Cactus Bank, illustrating the far-reaching effects of global economic shifts on local institutions.