Episode 4 of 4
Marine National and Grant and Ward Collapse
- When
- May 1884
- Where
- United States
The crash of Marine National Bank and Grant and Ward in May 1884 tipped off the panic.
In May 1884, the Marine National Bank and the brokerage firm Grant and Ward crashed when their owners’ speculative investments lost value. These failures tipped off the Panic of 1884. In April 1884, the city's comptroller reduced deposits with a bank, causing its failure and exposing Ward's scheme.
Sources
- Panic of 1884 Wikipedia, revision of 2026-06-14
Machine-drafted from the cited Wikipedia passages and checked by a reviewing model, not by a human editor. Every passage cites the revision it was written from; dates and places follow those passages.