The event brought about the panic of 1873 in which several banks ran out of money. Option C is correct.
What is the panic of 1873?
The Panic of 1873 frames as the foremost global recession or depression that was brought about by industrial capitalism.
It was a financial situation or problem that began an economic depression in North America and Europe that continued from 1873 to 1877, in which several banks of the countries were run out of money.
It started a common structure of crashes or the stage of Boom and bust cycles that differentiate the current economic system and which persist to this day also.
Therefore, option C is correct.
To learn more about the panic of 1973, refer to:
https://brainly.com/question/1155073
