The United States railroads suffered greatly in what was termed the “Great Panic of 1893”.
Railroads had been highly speculated upon and investors began withdrawing support upon news of a run on gold, a silver value decline, and the bankruptcy, in February of that year, of the over-extended Philadelphia & Reading Railroad.
Several silver mines in the west were forced to close, and with them, the railroads that supplied and served them.
Thousands of businesses collapsed during the panic including numerous railroad companies. Belief in the economy was once again restored in the late 1800's with the Alaska Gold Rush.
This detailed map of the United States was published in 1893 by Rand, McNally & Co. It shows relief, drainage, cities, towns, and clearly labeled railroad system of 1893, including railroad stations.
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