The Panic caused a severe nationwide economic depression and turned public opinion against Grant .
However , the Panic of 1873 rocked the nation and destroyed much of the economic advancements made in Grant 's first term .
The Panic of 1873 caused a severe nationwide economic depression and turned public opinion against Grant .
However , the Panic of 1873 rocked the nation and destroyed much of the economic advancements made in Grant 's first term .