jan 1, 1893 - Panic of 1893

Description:

The Panic of 1893 was a severe economic depression in the United States that began due to railroad overbuilding and shaky railroad financing, leading to a series of bank failures. This financial crisis was marked by a run on gold reserves and a stock market crash, and it led to widespread foreclosures, business bankruptcies, and high unemployment, lasting until 1897.

Added to timeline:

Date: