Question

What began the Panic of 1893?

Answer 1

High tariffs drove up costs and caused inflation.

Gold dropped below a certain level in the U.S. Treasury.

The gold standard was reinstated.

The U.S. government instituted unlimited silver coinage.

Answer 2

The Panic of 1893 was caused by railroad overbuilding and shaky railroad financing which set off a series of bank failures.

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Answer 3

thank you

Answer 4

your welcome