What was the name of the prolonged downturn that followed the Panic of 1873?

The prolonged downturn that followed the Panic of 1873 is commonly called the Long Depression. It began with financial crises in Europe and North America and lasted, depending on the country and definition, through much of the 1870s and 1880s.

The panic was triggered in part by the collapse of the Vienna stock market and the failure of the investment firm Jay Cooke & Company in the United States. Banking stress then spread through interconnected financial markets.

Historians debate the exact dates and severity of the Long Depression because industrial production and prices behaved differently across countries. It is sometimes called the Great Depression of the nineteenth century, but it is distinct from the worldwide Great Depression that began after 1929.