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The Financial Reform: The Panic Of 1873

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In the 1876 election between the Ohio state governor Rutherford B. Hayes and Samuel J. Tilden of New York, there was a confusion of who won. Tilden, the democratic candidate, received 250,000 more popular votes, and got 184 electoral votes of the 185 he needed to win. Rutherford B. Hayes only received 165 electoral votes. However, twenty of the votes were disputed due to irregular returns to Oregon, Florida, Louisiana, and South Carolina. Shortly after the reelection of Ulysses S. Grant, an economic crisis hit the U. S. called The Panic of 1873. The financial crisis triggered a depression that lasted from 1873 to 1879 and lead to over 15,000 businesses failing in a just two years. In January 1877, congress set up a special commission of

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