BANK PANIC, 1873. Run on the Union Trust Company in New York City, during the Panic of 1873. Wood engraving from a contemporary American newspaper
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BANK PANIC, 1873. Run on the Union Trust Company in New York City, during the Panic of 1873. Wood engraving from a contemporary American newspaper
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Media ID 7511541
1873 Bank Panic Banking Business Man Commerce Crisis Depression Finance Line Manhattan Running
EDITORS COMMENTS
This wood engraving from a contemporary American newspaper captures the chaos and frenzy that ensued during the Bank Panic of 1873. The image depicts a dramatic scene on the streets of New York City, specifically outside the Union Trust Company. As financial turmoil gripped the nation, panic-stricken individuals can be seen running in all directions, desperately trying to withdraw their funds before it was too late. The print showcases not only the physical manifestation of this economic crisis but also reflects the emotional toll it took on ordinary citizens. Businessmen clad in suits are depicted anxiously waiting in line alongside horse-drawn carriages, highlighting how this event affected people from all walks of life. The bustling cityscape serves as a backdrop for this momentous event, emphasizing New York City's status as an epicenter for commerce and finance during this era. The engraving offers a glimpse into Manhattan's vibrant street life while simultaneously capturing its vulnerability when faced with such financial upheaval. As we gaze upon this historical artifact, we are reminded of the profound impact that economic crises have had throughout history. It serves as a poignant reminder that even amidst progress and prosperity, unforeseen circumstances can trigger widespread panic and disrupt daily life for countless individuals.
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