Aspen's Egg Fate (Eggs in a Single Basket)

Production, Business, Imports, Manufacturing, Construction, Engineerings, Building; Aspen suffered a similar fate once. The Colorado mining town closed during the Panic of 1893. The attention given to railroads had investors pouring money into speculative deals. Much like today’s housing bubble that burst, the expansion of the railroads was bet on, and gamblers lost. Thousands of industries sank, companies fired employees, and soon President Grover Cleveland repealed the silver purchase act that led to the chaos, but Washington always acts slow. The miners of Aspen had to find a new way to make money. The city saved all her financial eggs into one giant basket. When that basket was dropped, the eggs were worthless. To feed their families, miners left town. Aspen was a ghost town until developers turned beautiful views into world class ski resorts.