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237112
bio website BG.SE
location Earth
age 38
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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.


Feb
7
reviewed Close Backgammon with negative value dice
Feb
7
reviewed Leave Open Does Monopoly involve skill to a considerable degree?
Feb
7
reviewed Leave Open What is an efficient way to organize my magic collection?
Feb
7
reviewed Approve suggested edit on How does Spirit of the Labyrinth interact with Chains of Mephistopheles?
Jan
21
reviewed Delete Is Go played for money?
Jan
21
reviewed Leave Open Best cross-country route in TTR USA?
Jan
21
reviewed No Action Needed Are there specific deck combinations to avoid in Smash Up?
Jan
21
reviewed Reviewed In Bang!, can you use two beers?
Jan
21
reviewed No Action Needed What are examples of Go played on non-flat surfaces, like on a sphere?
Jan
20
reviewed Satisfactory What are the qualities of a successful beta testing session from the player's perspective?
Jan
20
reviewed Satisfactory Can you attack again after I decide not to block?
Jan
20
reviewed Needs Improvement Can the Mermaids create towns with +1 shipping bonus?
Jan
20
reviewed Excellent During battle can I play a one-shot card?
Jan
20
reviewed Satisfactory Does a cafe card bonus apply to all players?
Jan
20
reviewed Satisfactory Hokusai and Bernice Mai timing
Jan
20
reviewed Excellent Selling to external market in Brass, is benefit salary or cash?
Jan
20
reviewed Satisfactory Missile rule clarification
Jan
20
reviewed Excellent Are there any cards that turn creatures into land?
Jan
20
reviewed Excellent In Settlers of Catan: Explorers and Pirates, who gets the gold when the pirate is paid?
Jan
5
reviewed Reject suggested edit on Ticket to Ride Strategies