The Panic of 1893, a serious economic depression in the United States that begins 1893, is an extension of the Panic of 1873, and like that earlier crash, is caused by railroad overbuilding and shaky railroad financing which sets off a series of bank failures.

Compounding market overbuilding and a railroad bubble is a run on the gold supply and a policy of using both gold and silver metals as a peg for the US Dollar value.

The Panic of 1893 is the worst economic crisis to hit the nation in its history to this point and, some argue, worse than the Great Depression of the 1930s.