One of the Causes of the 1893 Depression Was Failure

question 30

Multiple Choice

One of the causes of the 1893 depression was failure of:

• A) the Philadelphia and Reading Railroad
• B) the stock market
• C) the commodity price index
• D) housing starts in 1891 and 1892
• E) President Cleveland to regulate the railroads

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Definitions:

Psychological Pricing

Encouraging purchases based on emotional rather than rational responses to the price.