"The Great Financial Panic of 1873 - Closing the door of the Stock Exchange on its members", Frank Leslie's illustrated newspaper, October 4, 1873. Courtesy of the Library of Congress.
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Resource ID
11949
Access
Open
Credit Line
Courtesy of the Library of Congress.
Date of Creation
04 October 1873
Keywords
Program Category
Rights
Public Domain
Caption
"The Great Financial Panic of 1873 - Closing the door of the Stock Exchange on its members", Frank Leslie's illustrated newspaper, October 4, 1873. Courtesy of the Library of Congress.
Description
This illustration comes from Frank Leslie's illustrated newspaper published on October 4, 1873. It depicts a Stock Exchange preventing its members from entering due to the financial crisis known as the Panic of 1873 which was caused by the failure of the bank Jay Cooke & Co. This crisis is connected to the Freedman's Bank established in the United States that exploited its Black depositors by loaning out their money. The Panic itself, despite initially taking place in the United States, transferred over into Canada and led, in part, to the formation of CIBC