One of the causes of the 1893 depression was failure of

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The failure of the Philadelphia and Reading Railroad was a major cause of the 1893 depression. This failure was significant because it was the first major railroad company to go bankrupt during the depression, which led to a panic in the financial markets and a loss of confidence in other companies. This, in turn, led to a chain reaction of bankruptcies and failures across many industries.

One of the Causes of the 1893 Depression Was Failure