Question

What was not a reason for the panic of 1893?

A. an excessive amount of money in circulation
B. banks could not redeem paper money
C. major railroad failures
D. a shortage of gold

Answer 1

An excessive amount of money in circulation was not a cause of the Panic of 1893; rather, it was a shortage of gold, the inability to redeem paper money, and major railroad failures that contributed to the crisis.

Step-by-step explanation:

The question asks which of the following was not a reason for the Panic of 1893:

1. An excessive amount of money in circulation
2. Banks could not redeem paper money
3. Major railroad failures
4. A shortage of gold

The correct answer is A, an excessive amount of money in circulation. During the Panic of 1893, the actual economic issues were due to a shortage of gold, which caused problems with the redeemability of paper money and led to a lack of confidence in the banking system. Additionally, major railroad failures were a significant part of the crisis. Therefore, an excessive amount of money in circulation was not a cause of the Panic of 1893.

Answer 2

this panic was marked by the collapse of railroad overbuilding and shaky railroad financing which set off a series of bank failures, so I believe your answer is D. A shortage of gold. Hope this Helps