Panic of 1873
This file appears in: The Economic Panic of 1873 and Labor Relations in New Albany
Harper’s Weekly announced the Panic of 1873 with this image, which shows President Ulysses S. Grant helping Lady Liberty out of the ruins of Wall Street. Although the effects of the disaster did not reach New Albany right away, workers and employers felt the consequences for years to come.
Image courtesy of Harper's Weekly, HarpWeek, LLC.
This file appears in: The Economic Panic of 1873 and Labor Relations in New Albany
The Economic Panic of 1873 and Labor Relations in New Albany
By the early 1870s, New Albany became a bustling river town with extensive commercial activity and a large number of industrial facilities. Nationwide economic trends disrupted New Albany’s economic prosperity. The Great Panic of 1873 swept across…