Introduction
The Depression of 1873, also known as the Long Depression and the Panic of 1873, was a world-wide depression that lasted from 1873-1879 during which banks closed, businesses failed, unemployment went up, wages were cut, and real estate values dropped.
This depression ultimately resulted in the end of Reconstruction.
![](images/bank_run_old.jpg)
Following successful completion of this lesson, students will be able to...
- Describe the Compromise of 1877
Essential Questions
- How did Southern opposition to Radical Reconstruction, along with economic problems in the North, help bring about the end of Reconstruction?
Enduring Understandings
- Although Reconstruction was a brief period in American history, its social and political effects impacted America well into the 20th century.
The above objectives correspond with the Alabama Course of Study: United States History I standards: 15.3.