It Started in 1893.

The Panic of 1893 was caused by railroad overbuilding and shaky railroad financing which set off a series of bank failures. (See related link for more information on the Panic of 1893)

The Panic of 1893 caused the failure of 500 banks and 15,000 businesses. Farms were abandoned, and people were starving. Unemployment skyrocketed.

The panic of 1887 began with the bankruptcy of Jay Cook and company

The panic of 1893 was an economic depression that began in 1893. Investors started cashing in their investments after a failure in the wheat crop of Buenos Aires. This caused a shock on the gold in the U. S. Treasury. People started panicking and started withdrawing all of their money from the bank causing bank runs.