1873
IT HAPPENED IN…1873
The “panic of 1873” was caused by over
speculation in land and securities, and increasing inflation.
Newly introduced products included barbed wire,
blue jeans, and earmuffs.
(Figure
1873-01, Charles Elmer Hires in his drug store, annotated “about age
22”)
The May 13, 1873 issue of the
Philadelphia Inquirer “Triple
Sheet” newspaper included two references for Charles E. Hires: “Hires C
E druggist;” and “Hires C E pat med.”