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10 December, 21:14

Explain the domestic and international consequences of the panic of 1893 apush.

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  1. 10 December, 21:18
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    The domestic and international consequences of the panic of 1893 is stock price decline, several banks being closed, failed businesses and increase in unemployment rate.

    Explanation:

    There were numerous bank failures in many countries in Europe. Price of silver started to decrease in France and Germany. Facing starvation people chopped wood, broke rocks and sewed by hand with needle and thread with hopes of getting food. In some cases women got into prostitution to earn for their living and feed their children.
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