What was the defining moment that started the Panic of 1893?
major corporate monopolies fell apart
income tax rates were raised across the board
the closing of the Reading Railroad
bank dividends came to an end for borrowers

Question

What was the defining moment that started the Panic of 1893?
major corporate monopolies fell apart
income tax rates were raised across the board
the closing of the Reading Railroad
bank dividends came to an end for borrowers

foreverjennnicole · Answer

The Panic of 1893 provided a spectacular financial crisis the contributed to the economic recession. In the last days of the Harrison administration, the Reading Railroad, a major eastern line, went into receivership. That collapse was soon magnified by the failures of hundreds of banks and businesses dependent upon the Reading and other railroads. From that you should be able to get the answer :)