Question

What began the panic of 1893?

Answer 1

The Panic of 1893 was a serious economic depression in the United States that was Similar to the Panic of 1873, this panic was marked by the collapse of railroad overbuilding and shaky railroad financing which set off a series of bank failures.

Answer 2

The panic of 1893 was an economic depression in the United States which took place that year.

Step-by-step explanation:

This economic depression was marked by the collapse of some railroad overbuilding which produced some bank failures.

This depression is considered as the worst depression the United States had ever suffered.

One of the main causes of this depression was the bankruptcy of the Philadelphia and Reading Railroad, which had been extended in a significant way.