Which exchange suffered the key May 9, 1873, collapse associated with the Panic of 1873?

The Vienna Stock Exchange suffered the key May 9, 1873, collapse associated with the Panic of 1873.

The Vienna crash, known as the Gründerkrach, followed a period of intense speculation in property and shares during Austria-Hungary’s economic expansion. When confidence broke, prices plunged and many speculative companies failed.

Financial stress spread across Europe and then to the United States. In America, the failure of the banking firm Jay Cooke & Company in September 1873 helped trigger a banking panic and forced the New York Stock Exchange to close temporarily.

The Panic of 1873 contributed to a long international downturn often called the Long Depression. It is sometimes confused with the later U.S.-centered Panic of 1893, but the 1873 episode began with the Vienna market collapse and reflected interconnected nineteenth-century finance.