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The 1893 economic depression was triggered by the failure of one of the country's leading railroad companies?
The 1893 economic depression was primarily triggered by the collapse of the Philadelphia and Reading Railroad, which led to a crisis of confidence in the financial markets. This failure caused a ripple effect, leading to bank closures and a significant decline in stock prices. The subsequent economic turmoil resulted in widespread unemployment and a severe contraction in industrial production. Overall, the depression highlighted the vulnerabilities within the rapidly expanding industrial economy of the United States at that time.
What else can I help you with?
Is the US in an economic depression?
what is an economic depression?
What is an example economic depression?
The Great Depression
What happens during an economic depression?
During an economic depression threes a lack of economic activity that can last for several years.
What problems did the economic depression cause in 1873?
The Panic of 1873 caused an economic depression in the 1870s because banksacross the land closed .
What is the difference between a reccession and a depression?
Recession refers to a temporary economic decline whereas a depression is a period of prolonged downturn in economic activity
Is the US in an economic depression?
what is an economic depression?
What event triggered the great?
The Stock Market crash that occurred on October 29, 1929 is primarily responsible. It soon led to the worldwide economic downturn known as the Great Depression.
WHAT IS AN ECONOMIC DEPRESSION?
The Great Depression
The stock market crash triggered the beginning of the Great Depression the worst economic crisis in US history Which factor did not contribute to the crash?
too many ordinary people owning stock
The Great Depression led to high unemployment as many companies?
instituted production cutbacks, which led to major layoffs
What century did the economy of Europe sink into a deep depression?
14 th
What is an example economic depression?
The Great Depression
How many publicly traded companies failed during the Great Depression?
Hundreds of publicly traded companies failed during the Great Depression. This came as a result of poor economic conditions in the United States prior to World War II.
What happens during an economic depression?
During an economic depression threes a lack of economic activity that can last for several years.
What is the opposite of economic depression?
Economic prosperity.
Were the westerners affected by the economic depression in 1819?
Westerners were not affected by the economic depression in 1819. t or f
Define economic depression and name at least one example of one?
An economic depression is a sustained, long-term downturn in economic activity in one or more economy. An obvious example is the U.S. Great Depression.
