Responses
The increase of crime along the construction sites of the transcontinental railroad.
The increase of crime along the construction sites of the transcontinental railroad.
Banks invested too much in the construction of the railroads and their cash reserves ran low.
Banks invested too much in the construction of the railroads and their cash reserves ran low.
The banks froze the assets of the construction companies.
The banks froze the assets of the construction companies.
The president stopped funding the banks leaving them without a way to pay people
1 answer
The correct response is: Banks invested too much in the construction of the railroads and their cash reserves ran low.
The Panic of 1873 was largely triggered by overinvestment in railroads and speculative ventures, leading to a banking crisis when several banks failed, causing widespread economic turmoil.
