What event happened last panic of 1873 credit moiblier dawes act or Rutherford b. Hayes elected as president?

1 answer

Answer

1029248

2026-08-12 17:20

+ Follow

The Panic of 1873 was a major economic depression that began with the failure of the banking firm Jay Cooke & Company, which was heavily invested in railroads. This financial crisis led to widespread bank failures, massive unemployment, and a significant decline in the economy. The Credit Mobilier scandal, which involved corruption in railroad construction, and the Dawes Act, aimed at assimilating Native Americans, were also significant events during this period, but they were not the immediate cause of the panic. Rutherford B. Hayes was elected president in 1876, after the panic had already begun.

ReportLike(0ShareFavorite

Copyright © 2026 eLLeNow.com All Rights Reserved.