X-Nico

unusual facts about Panic of 1857


Lena, Illinois

The Panic of 1857 had little effect on the growth of the town, and rapid expansion continued through 1860.


Cyrus West Field

During the Panic of 1857, Field's paper business suspended, and he was kept from going under by his neighbor in Gramercy Park, Peter Cooper.

John W. North

When John North suffered financial failure in the Panic of 1857, his business interests were purchased in 1859 by his friend, Charles Augustus Wheaton, who had moved to Northfield from Syracuse on the advice of the Norths after the death of Wheaton's first wife.


see also

George L. Shoup

After being devastated financially in the panic of 1857, Shoup moved to Colorado Territory in 1859 to engage in mining and merchandising near Pikes Peak.