What was the name of the long economic downturn that began after the Panic of 1873?

The long economic downturn that began after the Panic of 1873 is called the Long Depression.

The crisis began with financial failures in Europe and North America, including the collapse of the Vienna stock market and the failure of Jay Cooke & Company in the United States. A prolonged decline in prices followed, particularly for agricultural and industrial goods. Banks failed, investment weakened, and unemployment rose in several countries.

Historians disagree about the precise dates and severity of the episode. In the United States, the depression is commonly dated from 1873 to 1879, although broader international accounts extend it into the 1890s. The period included periods of recovery as well as renewed downturns.

It is often compared with the Great Depression, which began in 1929. The two crises were distinct, however: the later Great Depression produced a much sharper worldwide collapse in output and employment.