The Panic of 1893 was a serious economic depression in the United States that began in 1893. Similar to the Panic of 1873, it was marked by the overbuilding and shaky financing of railroads, resulting in a series of bank failures. Compounding market overbuilding and the railroad bubble was a run on the gold supply. The Panic of '93 was the worst economic depression the United States had ever experienced at the time. About the author: This book published in 1907 has been reformatted for the Kindle and may contain an occasional defect from the original publication or from the reformatting.