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The economy is in fact over-expanded, particularly in railroad construction, and the weak link turns out to be the banking house of Jay Cooke and Company, which helped the U.S. Government finance the Civil War and also underwrote the construction of the Northern Pacific Railroad. Jay Cooke and Company, a large and respected banking house declares itself bankrupt, and announces its failure on September 18, 1873.. (The bank's collapse precipitates the "Panic of 1873" and the ensuing three yea depression during which more than 10,000 businesses fail.     The basic economic problems are overproduction, a declining market and deflation. Investors in Europe, where a depression is already underway, begin to call in American loans. The New York Stock Exchange closes its doors for 10 days; other businesses fail; and railroad construction is curtailed, with some railroads defaulting on their bonds. The unemployed begin to move about the country seeking jobs, and bread lines appear in the cities. The hard times drove numbers of laboring people and those in humble circumstances to the West and other portions of the country, to seek the rewards which the stagnation of business in the great commercial centre denied them.


Jul
5
awarded  Fanatic
Jul
4
comment What does it take to play a Battle of Wits deck successfully at a tournament?
I would say "an online" implementation, but that would just be snarky.
Jul
3
revised Arkham Horror: Enchant Weapon, Intervene (et al) use for other investigators
added 143 characters in body
Jul
3
revised Arkham Horror: Enchant Weapon, Intervene (et al) use for other investigators
added 90 characters in body
Jul
3
answered Arkham Horror: Enchant Weapon, Intervene (et al) use for other investigators
Jul
3
reviewed Approve suggested edit on Discarding Destination Tickets in Ticket to Ride
Jul
3
answered How does one set up a 1/4 board for GO?
Jul
3
comment How does one set up a 1/4 board for GO?
This might be of interest to you boardgames.stackexchange.com/questions/6336/…
Jul
2
revised Goldnight Redeemer and Angel's Tomb
CR quote; added 1 characters in body
Jul
2
answered Goldnight Redeemer and Angel's Tomb
Jul
2
answered How does Mitotic Slime work with Devour?
Jun
30
revised In Axis and Allies, Should Germany build a first turn transport and try and control the Med/Africa?
Fixed texting spelling and grammar, have no idea how close I got to the intent
Jun
29
comment Can an opponent make me discard a Miracle card before I cast it, after it is revealed?
Indeed, I was wondering about paying the Miracle Cost. I have clarified the question to reflect that.
Jun
29
revised Can an opponent make me discard a Miracle card before I cast it, after it is revealed?
Clarified
Jun
29
answered Can an opponent make me discard a Miracle card before I cast it, after it is revealed?
Jun
29
asked Can an opponent make me discard a Miracle card before I cast it, after it is revealed?
Jun
29
asked How effective is a shield component during the first round?
Jun
29
comment Which effects affect both opponents and which only one in Two Headed Giant?
I missed that, I corrected my answer by rolling in yours +1
Jun
29
revised Which effects affect both opponents and which only one in Two Headed Giant?
added 604 characters in body
Jun
29
revised If I am going to build a small ship, which direction should I build toward?
added 95 characters in body