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BANK PANIC, 1873. The Long and Short of it is a General Bust up in the Street
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BANK PANIC, 1873. The Long and Short of it is a General Bust up in the Street
BANK PANIC, 1873.
" The Long and Short of it is a General Bust up in the Street." Thomas Nasts cartoon comment on Wall Streets Black Friday,
19 September 1873, caused by the bankruptcy of government bond agent Jay Cooke & Company, backer of the Northern Pacific Railroad
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Media ID 12241792
1873 Bank Panic Banking Bankruptcy Black Friday Chaos Collision Commerce Crisis Depression Destruction Event Failure Finance Nast Northern Pacific Railway Political Action Rubble September Wall Street
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EDITORS COMMENTS
BANK PANIC, 1873. The Long and Short of it is a General Bust up in the Street". This print captures the chaotic aftermath of Wall Street's infamous Black Friday on September 19,1873. Illustrated by Thomas Nast, a renowned political cartoonist, this image serves as a visual commentary on the devastating bank panic that ensued after government bond agent Jay Cooke & Company went bankrupt. In this snapshot frozen in time, we witness the collision between finance and destruction. The once bustling city street now lies in ruins, symbolizing the collapse of commerce and economic stability. Rubble litters the ground as remnants of shattered dreams and broken promises. Nast's artistic prowess shines through as he masterfully portrays the gravity of this event with his clever use of satire. His cartoonish depiction emphasizes not only the financial crisis but also highlights how political action played a significant role in exacerbating these circumstances. As we gaze upon this historical artifact from America's banking history, we are reminded that even giants can fall prey to failure. This image serves as a stark reminder that no institution is immune to crisis or depression. Let us reflect upon this poignant moment captured by Nast and remember that resilience can emerge from chaos. It is through learning from past mistakes that societies grow stronger and more prepared for future challenges.
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