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Economic impacts of the american civil war
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After the Civil War America boomed. Cities such as New York and Chicago grew exponentially in only a few short years. New York, for example, increased by over a million in just a decade. It seems the national morale greatly increased once the war ended. Jobs were plentiful in a vast variety, drawing people from all over the world. Advancements in technology, amusements and advertising helped to create a consumer culture which in turn created jobs for the people. This demand however came at a cost. The average per capita of all Americans increased by 35 percent which at face value is a remarkable increase in wages. However, the reality was that due to inequality of wages by skill, region, race and gender, the real wage of the average American
After the civil war, America found itself with a high production rate, resulting in overproduction and falling of prices, as well as an increase on economic stress and the beginning of panic and prosperity cycles. The wars demand for products had called for a more efficient production system; therefore new machinery had come into place. New tools, such as the reaper, shown in document D, the wheat harvest of 1880, were introduced and facilitated production for farmers, making overproduction more probable. Variation on prices than begun to occur as shown in document A, Agriculture prices in 1865-1900, where a greater amount of goods became available for a more convenient price. This had farmers in distress, for they were losing more money than they were making.
Third, during the war the US economy plummeted as we were still recovering from the great depression. We didn’t have much time since the great depression to the war. The unemployment rate since the great depression was low, but the war started to change that. “The United States was still recovering from the impact of the Great Depression and the unemployment rate was hovering around 25%”(Impact...KLRU). A lot of men were sent off to war so there jobs were not getting done and someone had to get them
But this was a hard task. And in less than months ,weeks, days or hours, many Americans were broke. This trouble caused hunger ,crop prices to lower, and little to no education for students. It also created dust ,new laws ,working with what you had, and lots of terror across the US. Many lost their jobs and tried to look for work. But it was very scarce to find. In 1933 the lowest unemployment rate was recorded at 15%.
Civil war eliminated slavery, thus clearing the way for the rapid development of American capitalism. The implementation of the "Homestead Act" accelerate the development of the western region and the development of agricultural capitalism. Thus, at the end of the 19th Century, the United States became the world 's most advanced industrial and agricultural capitalist power. During the post-Civil War reconstruction period, the Black people were still subject to various forms of discrimination and exploitation by the landlords. However, they get the citizenship and the right to vote. Therefore, the American Civil War in the history of the United States is an epoch-making progressive significance. The Civil War was the second bourgeois revolution in American history. Although the number of casualties exceeded 600,000, it abolished the black slavery system, solved the land problem of the peasants, safeguarded national unification and accelerated the development of American capitalism. Clearing the way and laying the groundwork for the United States to rank among the world 's great
loyalty oath. If this happened then that state could setup a new state government. Under
America has gone through many hardships and struggles since coming together as a nation involving war and changes in the political system. Many highly regarded leaders in America have come bestowing their own ideas and foundation to provide a better life for “Americans”, but no other war or political change is more infamous than the civil war and reconstruction. Reconstruction started in 1865 and ended in 1877 and still to date one of the most debated issues in American history on whether reconstruction was a failure or success as well as a contest over the memory, meaning, and ending of the war. According to, “Major Problems in American History” David W. Blight of Yale University and Steven Hahn of the University of Pennsylvania take different stances on the meaning of reconstruction, and what caused its demise. David W. Blight argues that reconstruction was a conflict between two solely significant, but incompatible objectives that “vied” for attention both reconciliation and emancipation. On the other hand Steven Hahn argues that former slaves and confederates were willing and prepared to fight for what they believed in “reflecting a long tradition of southern violence that had previously undergirded slavery” Hahn also believes that reconstruction ended when the North grew tired of the 16 year freedom conflict. Although many people are unsure, Hahn’s arguments presents a more favorable appeal from support from his argument oppose to Blight. The inevitable end of reconstruction was the North pulling federal troops from the south allowing white rule to reign again and proving time travel exist as freed Africans in the south again had their civil, political, and economical position oppressed.
Although wages rose during the war, prices also rose by sixty percent. Because European farm production was disrupted, the United States' agricultural prices rose more than fifty percent between 1913 and 1918, and farmers' income increased significantly. Many farmers saw this as a great opportunity to bring in wealth and borrow money to expand production, but when the high prices of agricultural merchandise decreased, planters faced a credit squeeze. While most men were off at war, many women and blacks took over their jobs, contributing intensely to the Great War, also known as World War I.
Prior to the Civil War there were economic and social differences between the North and the South. The South became dependent on cotton and slavery. Instead, the North was becoming industrial rather than agricultural. The main difference the between the both sides was one was based on plantation systems and the other city life. The change in the economy caused people of the North to work together. While the South’s society remained the same old social class system.
The post-Civil War years between 1865 and 1900 were a time of immense social change and economic growth in the United States. This time period, commonly referred to as “The Gilded Age,” saw an end to Reconstruction, rapid industrialization, and new wealth. Despite these achievements, however, the era between Reconstruction and the beginning of the twentieth century was plagued by political stalemate, a decline of human values, increased materialism, and widespread corruption.
After the civil war, the United States had deep social divisions that strictly divided the classes. This period of time was called the Gilded Age. The economy was shifting more and more towards an industrial one, manufacturing in the United States was more than the greater powers of Europe combined. With these industries, there were huge monopolies over steel, oil, and various other markets. The wealthy over these corporations had much influence in the government and politics. All the while, the lower classes were led to believe that they had something wrong with them. They were told they had a “lack of character” that prevented them from being successful (Foner pg. 121). The upper class as well as many economists believed that being successful from unskilled labor was impossible. They believed that entrepreneurial skills were the only thing that would allow people to become successful. The labor movement vehemently disagreed with this. They knew that the reason why most lower class workers would never be promoted or paid a livable wage was because the wealthy believed they were subhuman. They held strikes and rallies against the big corporations, such as the Great Railroad Strike, and the Pullman Strike, but their voices were ignored. .
Although the American Civil War mainly occurred because of slavery, the fact is that slavery had a lot to do with economic and social issues.
Inequality was a big problem in America and the workers were always at the bottom of the pecking order when it came to wealth. Economies that are doing well are economies that have even distribution of wealth amongst its people. However, this wasn’t the case in America during the seven fat years. Industrialists dominated the economy during the twenties. This was allowed by the Republican government. Both Harding and Coolidge put the interests of big business above the interests of the farmers and workers. The industrial production increased by 60% during the twenties but the workers’ salaries went up by 10%. This meant that the rich becam...
The economies of the North and South were vastly different leading up to the Civil War. Money was equivalent to power in both regions. For the North, the economy was based on industry as they were more modern and self-aware. They realized that industrialization was progress and it could help rid the country of slave labor as it was wrong. The North’s population had a class system but citizens could move within the system, provided they made the money that would allow them to move up in class. The class system was not as rigid as it was in the South. By comparison, the South wanted to hold on to its economic policy. In doing so, the practice of slavery kept the social order firmly in place. The economic factors, social issues and a growing animosity between the two regions helped to induce the Civil War.
Accurately established by many historians, the capitalists who shaped post-Civil War industrial America were regarded as corrupt “robber barons”. In a society in which there was a severe imbalance in the dynamics of the economy, these selfish individuals viewed this as an opportunity to advance in their financial status. Thus, they acquired fortunes for themselves while purposely overseeing the struggles of the people around them. Presented in Document A, “as liveried carriage appear; so do barefooted children”, proved to be a true description of life during the 19th century. In hopes of rebuilding America, the capitalists’ hunger for wealth only widened the gap between the rich and poor.
The Civil War paved the way for Americans to live, learn and move about in ways that had seemed all but inconceivable just a few years earlier. With these doors of opportunity open, the United States experienced rapid economic growth. Immigrants also began seeing the fast-growing nation as a land of opportunity and began coming here in record