Skip to main content

Panic of 1873

In a classic model of government corruption, the promoters placed shares of the company's stock “where it will do most good"—in the pockets of key Congressmen

 

Enjoy our work? Help us keep going.

Now in its 75th year, American Heritage relies on contributions from readers like you to survive. You can support this magazine of trusted historical writing and the volunteers that sustain it by donating today.

Donate