Nevadaville endured another major fire in 1887 that wiped out most of the commercial district, and while the key structures were rebuilt with stone foundations and brick facades, the town was on borrowed time. The settlement is said to have been nearly deserted following the Panic of 1893 – one of several national panics and depressions that affected Nevadaville over the years. Between 1893 and 1897, the United States experienced the worst economic downturn so far in its history.

As Wall Street brokerage firms collapsed, more than 600 banks and 16,000 businesses folded and national unemployment rates soared to approximately 20 per cent. While some cities were able to offer some financial relief to those hit hardest, the agricultural industry was devastated and thousands of farmers faced the loss of their land.

Inside The Dark History Of America's Most Intriguing Ghost Town