Which U.S. stock exchange was the center of the 1873 crash that began in Vienna's international crisis?

The New York Stock Exchange was the U.S. stock exchange at the center of the 1873 crash’s American phase.

The international crisis began with the Vienna Stock Exchange collapse on May 9, 1873, but financial stress reached the United States later that year. Jay Cooke & Company, a major investment bank involved in railroad finance, failed on September 18. Trading on the New York Stock Exchange was suspended on September 20 as panic spread.

The exchange’s closure lasted for ten days, reflecting the shortage of liquidity and the inability of many institutions to meet obligations. When trading resumed, prices remained under pressure. Railroad failures, bank runs, and falling investment contributed to a long economic contraction.

The event is sometimes described simply as the Panic of 1873, although the crisis had connected European and American phases. The New York Stock Exchange was already an important national market, but it was not the only institution affected; banks, railroads, and investment firms all played roles in the downturn.