Complex sentence: The Panic of 1890 was an acute depression that was less serious than other panics of the era precipitated by the near insolvency of the Baring Brothers Bank in London due mainly to poor investments in Argentina.
Split into simpler sentences: The Panic of 1890 was an acute depression, although less serious than other panics of the era. It was precipitated by the near insolvency of the Baring Brothers Bank in London due mainly to poor investments in Argentina.