Explain the Post War Panic and some events that were caused from it

This resulted in a five year depression. The panic of 1873 was a result of over-expansion in the industry and the railroads and a drop in European demand for American farm products and a drop off of European investment in the US.

Explanation:

it's a secular holiday. it is and was a custom developed to recognize the ending of a time and a wish for a good future. the kind of kiss you exchange, if you are single, is intended to predict what kind of year you will have in the coming year.

it is saying good bye to the last year with all its ups and downs, and hello to the new year, with all its hopes and dreams.