With the election following the Panic of 1873, Grant's Republican Party was crushed in the elections, losing their majority and almost half their seats to the Democratic Party. This was the first period of Democratic control since the pre-war era. The economic crisis and the inability of Grant to find a solution led to his party's defeat. This was the second-largest swing in the history of the House (only behind the 1894 elections), and is the largest House loss in the history of the Republican Party.