The bankruptcy of the Philadelphia and Reading Railroad was responsible for the
A) Pullman strike.
B) collapse of the stock market.
C) election of Grover Cleveland.
D) economic downturn in England.

Question

Quizplus · Accepted Answer

The bankruptcy of the Philadelphia and Reading Railroad in 1893 was a significant factor that contributed to the collapse of the stock market, leading to a broader economic downturn known as the Panic of 1893.

The Bankruptcy of the Philadelphia and Reading Railroad Was Responsible