Question

select the correct answer

the bankruptcy of which company initiated the panic of 1873?

a. standard oil
b. century building society
c. northern pacific railroad
d. bergdorf goodman
e. republic steel

Explanation:

The Panic of 1873 was triggered by the collapse of the Northern Pacific Railroad, which led to a chain reaction of bank failures and an economic depression. The other options are incorrect: Standard Oil was a dominant oil company not linked to this panic; Century Building Society, Bergdorf Goodman, and Republic Steel were not the initiating entities of this financial crisis.

Answer:

C. Northern Pacific Railroad