By: The Robbie Smothers
- The panic of 1857 was a financial panic in the United States caused by the declining international economy and over-expansion of the domestic economy. This panic was the first world wide economic crisis.
- The railroad boom accrued in the 1850's in the north, but not as much in the south. The railroad boomed helped the United States economy a lot, along with the transportation became faster and cheaper from place to place, this helped out local companies.