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OpenStudy (anonymous):
what caused the panic of 1893
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OpenStudy (caitlinnr14):
the Panic of 1893 was a serious economic depression in the United States that began in 1893. Similar to the Panic of 1873, it was marked by the overbuilding and shaky financing of railroads, resulting in a series of bank failures. Compounding market overbuilding and the railroad bubble was a run on the gold supply. -wikipedia ;)
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