The supply of goods exceeded the demand
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The Panic of 1873 caused an economic depression in the 1870s because banksacross the land closed .
He didn't want federal involvement because he feared that intervention with the stock marketwould cause panic.
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Panic of 1837
Economic reform movements developed in the late 1800 because in the late 1800s farmers experienced great economic hardships, suffering from falling prices and rising costs.