What was the Panic of 1893 ?

   1.Railroad Companies got greedy- they built railroads in places where no one even lived yet

2. Markets didn't keep up (the farmers are poor) so those companies went bankrupt

3. As companies folded, people panicked and ran to banks to demand the (gold) back

4. Banks get scared and won't loan money to anyone

5. More businesses go bankrupt

 15,000 businesses and 500 banks had collapsed

1894 20% unemployment