Hard times in Europe dried up investment from other countries.

[Eartha]

Dear all,

How should I paraphrase the underlined?

Thanks.

Eartha

The depression that began in 1893 in many ways paralleled the downturn of 1873. In February 1893, the largest railroad company, the Philadelphia and Reading, went bankrupt. More railroads and other businesses went under. Unemployment percentages climbed into the teens. Hard times in Europe dried up investment from other countries.

[TheParser]

Dear all,

How should I paraphrase the underlined?

Thanks.

Eartha

The depression that began in 1893 in many ways paralleled the downturn of 1873. In February 1893, the largest railroad company, the Philadelphia and Reading, went bankrupt. More railroads and other businesses went under. Unemployment percentages climbed into the teens. Hard times in Europe dried up investment from other countries.

***** NOT A TEACHER *****


Maybe something like:

American railroads could not expect financial help from Europe,

for that continent was also experiencing its own economic woes.