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In the Panic of 1893, prices for farm commodities fell, along with the price of silver, and many railroads and other companies failed because of their lost investments. More than 600 banks failed after panicked withdrawals. The depression eventually put millions of US workers out of their jobs.

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Which statement is true A: The growth of suburbs caused many new types of business to do well. B: caused most businesses to fail. C: meant that most new businesses were set up in the cities. D: meant fewer job opportunities?

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The reason most small businesses fail within two years is that they are under capitalized.


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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)


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The Panic of 1893 was a serious economic depression in the United States that began in 1893. This panic is sometimes considered a part of the Long Depression which began with the Panic of 1873,[1] and like that of earlier crashes, was caused by railroad overbuilding and shaky railroad financing; which set off a series of bank failures.


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It is estimated that ninety five percent of all small businesses will fail within the first five years. The overwhelming cause of these failures is poor financial management and bad bookkeeping.


How many businesses fail in the first year?

the figures show that an estimated 1 in 3 business are still running during the first year