Here is a challenge for all you economists, with any POD during and after the American civil war till 1873 itself reduce the effects of the panic of 1873 in the USA and please elaborate.
AHC: Reduce the effects of the Panic of 1873 in the USA
- Thread starter Arnold d.c
- Start date
Have the Union win early with their being a lot less damage to the South and you might well at least mitigate it a bit. Having a good percentage of your country wrecked and its young men killed certainly hurts the economy.
Good points but how does the US avoid the railroad investment craze?
Had there been no demonetization of silver (the "Crime of '73") it would not have prevented the Panic but might have eased the deflation that lasted from the mid-1870's through 1896. At least that's Milton Friedman's argument. https://www.unc.edu/~salemi/Econ006/Friedman_Crime_1873.pdf