Search results
Results from the WOW.Com Content Network
The economic history of the American Civil War concerns the financing of the Union and Confederate war efforts from 1861 to 1865, and the economic impact of the war. The Union economy grew and prospered during the war while fielding a very large Union Army and Union Navy . [ 1 ]
The main prewar agricultural products of the Confederate States were cotton, tobacco, and sugarcane, with hogs, cattle, grain and vegetable plots. Pre-war agricultural production estimated for the Southern states is as follows (Union states in parentheses for comparison): 1.7 million horses (3.4 million), 800,000 mules (100,000), 2.7 million dairy cows (5 million), 5 million sheep (14 million ...
He implemented a 44-percent tariff during the Civil War—in part to pay for railroad subsidies and for the war effort, and to protect favored industries. [48] Tariffs remained at this level even after the war, so that the North's victory in the Civil War allowed the U.S. to remain one of the largest users of tariff protection for industry.
March 1, 1875: The Civil Rights Act of 1875 becomes law. November 6, 1876: The presidential election between Hayes and Tilden results in an electoral dispute over Florida, South Carolina, and Louisiana. The Southern economy had been ruined by the war. Charleston, South Carolina: Broad Street, 1865
The Civil War had collapsed the Democrats' national machine and given the GOP the chance to entrench its own national machine that held for 70 years. Republicans fully took credit for winning the war and abolishing slavery, and were firmly established as the party of big business, the gold standard, and economic protectionism.
The Specie Payment Resumption Act of January 14, 1875 was a law in the United States that restored the nation to the gold standard through the redemption of previously unbacked United States Notes [1] and reversed inflationary government policies promoted directly after the American Civil War.
What was left over went to the farmer. The system ended in the 1940s as prosperity returned and many poor farmers moved permanently to cities and towns, where jobs were plentiful because of World War II. After the American Civil War, farmers in the South had little cash.
Journal of Economic Literature (1992) 30#1 62–101. in JSTOR; Gardner, Bruce L. American Agriculture in the Twentieth Century: How it Flourished and What it Cost (Harvard UP, 2002). Gates, Paul W. Agriculture and the Civil War (1985) online; Gee, Wilson. The place of agriculture in American life (1930) online edition; Haystead, Ladd, and Fite ...