The Panic of 1893 was the United States' most severe economic downturn until the Great Depression of 1929.

Question

The Panic of 1893 was the United States' most severe economic downturn until the Great Depression of 1929.​

Quizplus · Accepted Answer

The Panic of 1893 was indeed the most severe economic downturn in the United States until it was surpassed by the Great Depression starting in 1929. The 1893 crisis was marked by a severe economic depression, widespread bank failures, and a significant downturn in the American economy.

The Panic of 1893 Was the United States' Most Severe