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The bankruptcy of which company initiated the Panic of 1873?
Answers (1)
The bankruptcy of Jay Cooke & Company initiated the Panic of 1873. Jay Cooke & Company was a U.S. bank that operated from 1861 to 1873. Headquartered in Philadelphia, Pennsylvania, with branches in New York City and Washington, D.C., the bank helped underwrite the Union Civil War effort.
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