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What major financial crisis occurred during Hendricks' term as governor?

  • Great Depression

  • Panic of 1873

  • Dot-com Bubble

  • Panic of 1893

Answer

The Panic of 1873 was a major financial crisis that occurred during Thomas A. Hendricks' term as governor of Indiana from 1873 to 1877. It was triggered by a combination of factors, including the overexpansion of the railroad industry, a decline in agricultural prices, and the failure of several major banks. The panic led to a severe economic downturn, high unemployment, and widespread social unrest.
Stepping into History: The Life of Thomas A. Hendricks

Stepping into History: The Life of Thomas A. Hendricks

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