Which stock exchange crash in 1873 gave its name to the Panic of 1873?

The Vienna Stock Exchange crash of May 1873 gave its name to the Panic of 1873.

A speculative boom in Austria-Hungary ended with a sharp collapse on the Vienna exchange. The panic spread through financial connections and was intensified by banking failures, falling investment, and weakness in several industrial economies.

The crisis also reached Germany and the United States. In New York, the failure of the banking firm Jay Cooke & Company in September 1873 helped trigger a suspension of trading on the New York Stock Exchange. The resulting depression was international and lasted for years, though its timing and severity varied by country.

The Panic of 1873 is often linked to a longer period of falling prices known as the Long Depression. Historians debate the causes and duration, but the Vienna crash is the specific opening event most associated with the panic’s name.