The panic of 1893 began when:
A)the Treaty of Paris was signed, ending the American Revolution.
B)the Titanic sank.
C)real estate developers built too many office buildings.
D)the Philadelphia and Reading Railroad failed.

Question

Quizplus · Accepted Answer

The panic of 1893 began when the Philadelphia and Reading Railroad, a major transportation company, failed. This triggered a chain reaction of bank failures and economic downturn, leading to widespread panic and a depression that lasted until 1897.

The Panic of 1893 Began When