Was Chester A. Arthur associated with Panic of 1873?

Chester A. Arthur was not directly associated with the Panic of 1873, as he was not yet in a prominent political position during that time; he served as a U.S. Congressman and later as the Collector of the Port of New York. The Panic of 1873 began in September, leading to a severe economic depression, and Arthur became Vice President in 1881 and President in 1881 after James A. Garfield's assassination. However, the economic repercussions of the panic influenced the political landscape during his presidency.