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The Panic of 1857 was a financial crisis in the United States caused by the declining international economy and over-expansion of the domestic economy. Because of the invention of the telegraph by Samuel F. Morse in 1844, the Panic of 1857 was the first financial crisis to spread rapidly throughout the United States. [ 1 ]
[2]: 542 [note 1] In the Northern United States, it became "the book against slavery." [3]: 75 A book reviewer wrote, "Next to Uncle Tom's Cabin (1852), Hinton Helper's critique of slavery and the Southern class system, The Impending Crisis of the South (1857), was arguably the most important antislavery book of the 1850s." [4]
In the book, Bensel undertakes an analysis of the causes of the American Civil War and the failed policies of Reconstruction to construct an argument about the rise of the American national state. The book is a contribution to scholarship on American Political Development and political and economic modernization.
Towers, Frank. "Partisans, New History, and Modernization: The Historiography of the Civil War's Causes, 1861–2011." Journal of the Civil War Era 1.2 (2011): 237-264. online; Woods, Michael E. "What twenty-first-century historians have said about the causes of disunion: A Civil war sesquicentennial review of the recent literature."
September 12 – The SS Central America sinks off the coast of North Carolina, killing 425 people. October 1 – Eviction of last residents of Seneca Village to make way for New York City's Central Park is completed. October 13 – Panic of 1857: New York banks close and do not reopen until December 12.
Scholars have identified many different causes for the war. Among the most polarizing of the underlying issues from which the proximate causes developed was whether the institution of slavery should be retained and even expanded to other territories or whether it should be contained, which would lead to its ultimate extinction.
The Civil War in America. New York: Longmans, Green and Company, 1923. Stoddard, Brooke C., and Daniel P. Murphy. The Everything Civil War Book. New York: Everything Books, 2009. Swinton, William. The Twelve Decisive Battles of the Civil War. New York: Dick and Fitzgerald, 1867. Symonds, Craig L. A Battlefield Atlas of the Civil War. Annapolis ...
Reconstruction: America's Unfinished Revolution, 1863–1877 is a historical non-fiction monograph written by American historian Eric Foner.Its broad focus is the Reconstruction Era in the aftermath of the American Civil War, which consists of the social, political, economic, and cultural changes brought about as consequences of the war's outcome.