The battle-turned-massacre took place in the small town of Colfax, Louisiana as a clash between blacks and whites. Panic of 1873, depression Definition Unrestrained speculation on the railroads let to disaster - inflation and strikes by railroad workers. Comstock Law of 1873: The Comstock Law of 1873 was a federal law that made it a crime to sell or distribute materials that could be used for contraception or Abortion , to send such materials or information about such materials through the federal mail system, or to import such materials from abroad. - Removed silver from circulation and became known as the “Crime of 1873” Civil Rights Act of 1875 - Equal protection for Blacks in public accommodations and transportation and APUSH 1877 – 1900 ... o Crime of 1873: A term used by those critical of an 1873 law directing the US treasury to cease minting silver dollars, retire Civil War- era greenbacks, and replace them with the notes backed by the gold standard from an expanded system of national banks 18,000 businesses failed and 3 million people were out of work. "Crime of 1873": This is the term given to a federal law of 1873, which adopted the gold standard over the silver standard. Chapter Reading Notes Chapter: 23 Key Terms Description “Waving the bloody shirt’ The use of Civil War imagery by political candidates and parties to draw votes to their side of the ticket. Three whites and an estimated 150 blacks died in the conflict. Panic of 1873: A world wide depression that began in the United States when one of the nation's largest banks abruptly declared bankruptcy, leading to the collapse of thousands of banks and businesses. The massacre took place against the backdrop of … Read MoreThe Colfax Massacre (1873) "Crime of '73" through the coinage act of 1873, the US ended the minting of silver dollars and placed the country on the gold standard. As a result, the Panic of 1873 led to the longest recorded economic downturn in modern history, spanning from October 1873 to March 1879, according to the National Bureau of Economic Research. The signal event on this side of the Atlantic was the failure of Jay Cooke and Company, the country’s preeminent investment banking concern. The Colfax Massacre occurred on April 13, 1873. The Panic of 1873 was a financial crisis that triggered an economic depression in Europe and North America that lasted from 1873 to 1877 or 1879 in France and in Britain.In Britain, the Panic started two decades of stagnation known as the "Long Depression" that weakened the country's economic leadership. This dropped silver coinage in favor of gold coinage, by advocating free silver. this was attacked by those who supported an inflationary monetary policy, particularly farmers and believed in the unlimited coinage of silver: 611503644: Greenback Labor Party Panic of 1873. The crisis intensified debtors' calls for inflationary measures such as the printing of more paper money and the unlimited coinage of silver. This "Crime of 1873" was one of the motivating forces behind the beginning of the Free Silver movement. But in 1873 these adjustments were unknown and the ability of national authorities to control the money supply was immature. A major economic reversal began in Europe and reached the United States in the fall of 1873.
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