What major event led to Aspen's decline in the 1890s?
Gold Rush
Panic of 1893
Great Depression
World War I
Answer
The Panic of 1893 was a major economic crisis that led to the collapse of the silver market. This event had a significant impact on Aspen, which was founded as a mining camp during the Colorado Silver Boom. The city's population and economy declined as a result of the panic.
Aspen Knowledge Quest: 20 Questions to Uncover Your Understanding