Question

during the 1870s a major economic depression spread to the united states from which contenent

Answer 1

Answer:

During the 1870s, a major economic depression spread to the United States of America from Europe . This depression, also known as the Long Depression, started in 1873 and ended in 1879. It was caused by the collapse of the Vienna Stock Exchange (Austria) and caused people to panic across most of Europe.

Explanation:

Answer 2

During the 1870s a major economic depression spread to the united states

• The United States' strict monetary policy to return to the gold standard after the Civil War was the main contributor to the price depression in that country. There was less money available to assist trade since the U.S. government was removing money from circulation to achieve this purpose.
• Gilded Age, a time in American history in the 1870s marked by obscene materialism and apparent political corruption, inspired significant works of social and political criticism. The earliest of them, The Gilded Age (1873), authored by Mark Twain and Charles Dudley Warner, gives the era its name.
• With the Second Industrial Revolution just getting underway and a flood of immigrants coming to the country, 1870 saw significant upheaval throughout America. Travel by steamboat, train, or carriage was a favourite pastime at the time, and clothing was more formal. A century and a half ago, Americans were likewise using catalogues to shop.
• Western Europe and North America were the two regions where it garnered the most attention, at least in part because those are the regions where trustworthy data from the era is most easily accessible. As a result of losing part of its significant industrial advantage over the economies of continental Europe, the United Kingdom is frequently regarded as having been the most damaged. The idea that the United States' economy was in trouble while it was taking place was widely held.

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