Which of the following was not one of the underlying causes of the Panic of 1893?
the failure to build enough railroad lines to satisfy market demands
the weaknesses of the American banking system
the withdrawal of British funds from American investments
the falling prices of agricultural products
which one? help
http://www.google.com/#q=causes+of+the+Panic+of+1893
so its B?
If you post here, you should be prepared to at least glance at the link the tutor posts for you.
Im so lost :/
Click on the link above. You'll immediately see the answer.
To determine which of the options was not an underlying cause of the Panic of 1893, we will need to understand the causes of the panic. The Panic of 1893 was a severe economic depression that lasted several years and had various causes. Let's examine each option and identify whether it was a cause of the panic:
1. The failure to build enough railroad lines to satisfy market demands: This was indeed one of the underlying causes of the Panic of 1893. Overexpansion and speculative investments in railroad construction created an excessive supply of rail lines, which led to financial instability.
2. The weaknesses of the American banking system: The weaknesses of the American banking system were indeed one of the underlying causes of the Panic of 1893. Banks were underregulated, and their practices, such as issuing excessive loans and lacking proper reserves, contributed to the economic downturn.
3. The withdrawal of British funds from American investments: The withdrawal of British funds from American investments was also one of the factors contributing to the Panic of 1893. British investors withdrawing their money caused a significant loss of capital in the American economy.
4. The falling prices of agricultural products: Falling prices of agricultural products were one of the primary causes of the Panic of 1893. Poor agricultural conditions, overproduction, and low demand led to a decrease in agricultural prices, which, in turn, impacted the overall economy.
Based on this analysis, it appears that none of the provided options was not an underlying cause of the Panic of 1893. All four options listed were causes of the economic crisis.