Why Was the Panic of 1893 Significant

question 23

Multiple Choice

Why was the Panic of 1893 significant?

• A)It began because of fears that banks were about to collapse, but it was largely a false alarm and created no lasting national economic effects.
• B)It began when the Philadelphia and Reading Railroad declared bankruptcy and grew into the worst depression the nation had experienced.
• C)Cleveland responded by immediately putting more money into circulation, which soon remedied the situation and provided a model for future panics.
• D)It largely affected big business owners and had little impact on workers and farmers, resulting in very few strikes for a time of economic unrest.
• E)It occurred because of unfavorable legislation that passed after Populist James B.Weaver won the presidency over Cleveland.

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Merger

The combination of two or more entities into one, usually referring to corporations, to achieve greater efficiencies or market share.

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A business entity focused on the building of residential, commercial, or industrial structures, as well as infrastructure projects.

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Harassment or abusive behavior in a professional environment, targeting an individual or group, leading to psychological or emotional harm.

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False and damaging statements spread about someone, often with the intent to harm their reputation.