TABLE OF CONTENTS
About the Author
David Blanke is Joe B. Frantz Associate Professor of History at Texas A&M University-Corpus Christi. He earned his BS at the University of Kentucky and his MA and PhD at Loyola University Chicago.
Panic of 1873
Secondary Sources
Fels, Rendigs. "American Business Cycles, 1865–79." The American Economic Review 41:3 (1951), 325–349. Economic history dealing with the Panic of 1873 can be complex and filled with arcane jargon. This is not the case with Rendigs Fels's article, which was later included in his book American Business Cycles (University of North Carolina Press, 1959).
Friedman, Milton. "The Crime of 1873." Journal of Political Economy 98:6 (1990): 1159–1194. ——"Bimetallism Revisited." Journal of Economic Perspectives 4 (1990): 85–104. The influential economist and former chairman of the Federal Reserve Milton Friedman closely studied the Panic of 1873. While his writing is less accessible, his scholarship and analysis remain sharp.
Glasner, David; Cooley, Thomas F., eds. Business Cycles and Depressions: An Encyclopedia. New York: Garland Publishing, 1997. The single most comprehensive reference book on cycles and depressions, which offers a fuller treatment, as well as the long-term historical consequences, of many of the economic concepts introduced in this essay.
Lubetkin, M. John. Jay Cooke's Gamble: The Northern Pacific Railroad, the Sioux, and the Panic of 1873. Norman, OK: University of Oklahoma Press, 2006. Connects events on the American frontier to those on Wall Street.
Unger, Irwin. The Greenback Era: A Social and Political History of American Finance, 1865–1879. New Jersey: Princeton UP, 1964. Supplies a readable and substantial analysis of the origins and consequences of the crisis.