oleviacorley oleviacorley
  • 16-09-2021
  • History
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How did the panic of 1893 affect the railroad industry

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emmamontalvo
emmamontalvo emmamontalvo
  • 16-09-2021

Answer:

By May 1893, more railroads shut down; 156 railroads would fail before the crisis was over. Without the railroads, industries like iron, steel, and farming had no way of shipping their products. America fell into a serious economic depression marked by high unemployment rates and tens of thousands of business failures

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