Questions

Jay Cooke & Company, a major component of the United States banking establishment, found itself unable to market several million dollars in Northern Pacific Railway bonds in september 1873. Cooke's firm, like many others, had invested heavily in the railroads.

Hence, the bankruptcy of Jay Cooke & company initiated the Panic of 1873.

1. Mutual exclusion (where at least one resource is non-sharable)

2. Hold and wait (where a process holds one resource and waits for other resource)

3. No preemption (where the resources can’t be preempted)

4. Circular wait (where p[i] is waiting for p[j] to release a resource. i= 1,2,…n

j=if (i!=n) then i+1

else 1 )