Question

What began the Panic of 1893?

Answer 1

Answer:

D

Explanation:

The U.S. instituted the Sherman Silver Purchase Act circa 1890.

Answer 2

The correct answer is B) Gold dropped below a certain level in the U.S. Treasury.

What began the Panic of 1893 was that gold dropped below a certain level in the U.S. Treasury.

The Panic of 1893 was one of the worst economic moments in the United States at the end of the 1800s. The National Cordage Company and the Philadelphia and Reading Railroad went into bankruptcy and this made the US stock market to react in panic, creating a financial crisis that was called the Panic of 1893.