Question

The bankruptcy of which company initiated the Panic of 1873?
A) Republic Steel Company
B) Jay Cooke & Company
C) Standard Oil Company
D) Century Building Society

Answer 1

Hello mate

here's your answer

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Option A✔✔

Republic steel company.

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Hope it helps you

Answer 2

The bankruptcy of Jay Cooke & Company initiated the Panic of 1873 because the company had invested in railroads heavily and thus, the panic was initiated.

It was basically a US bank that operated in US from 1861 to 1873.

Bankruptcy came because investors started to woithdraw the money from the bank.

After it collapsed it estates were seized by the government. As