Search results
Results from the WOW.Com Content Network
Between 1840 and 1860, the total length of railroad trackage increased from 3,326 to 30,600 miles (5,350 to 49,250 km). [44] The efficiency of railroad to move large, bulk items contributed enabled further drops in cost of transporting goods to market but in so doing undermined the profitability of the earlier turnpikes and canals which began ...
History of the United States from the Compromise of 1850: 1877–1896 (1919) online complete; old, factual and heavily political, by winner of Pulitzer Prize; Shannon, Fred A. The farmer's last frontier: agriculture, 1860–1897 (1945) complete text online; Smythe, Ted Curtis; The Gilded Age Press, 1865–1900 Praeger. 2003.
From 1860 to 1900, the wealthiest 2% of American households owned more than a third of the nation's wealth, while the top 10% owned roughly three-quarters of it. [60] The bottom 40% had no wealth at all. [4] In terms of property, the wealthiest 1% owned 51%, while the bottom 44% claimed 1.1%. [4]
The first issue amounted to 242 million dollars. This paper money would supposedly be redeemed for state taxes, but the holders were eventually paid off in 1791 at the rate of one cent on the dollar. By 1780, the paper money was "not worth a Continental", as people said, and a second issue of new currency was attempted.
Dugout home from a homestead near Pie Town, New Mexico, 1940. The Federal Land Policy and Management Act of 1976 ended homesteading; [45] [46] by that time, federal government policy had shifted to retaining control of western public lands. The only exception to this new policy was in Alaska, for which the law allowed homesteading until 1986. [45]
After the United States achieved independence in 1783, under the Articles of Confederation, the U.S. federal government could not collect taxes directly but had to "request" money from each state. The power to levy taxes and tariffs, when proposed by the United States House of Representatives , was granted to the federal government by the ...
U.S. territorial extent in 1860. April 3, 1860 – Pony Express begins. November 6 – 1860 United States presidential election: Abraham Lincoln elected president and Hannibal Hamlin vice president with only 39% of the vote in a four-man race. December 18 – Crittenden Compromise fails. December 20 – President Buchanan fires his cabinet.
From 1860 to 1900, the wealthiest 2 percent of American households owned more than a third of the nation's wealth, while the top 10 percent owned roughly three-quarters of it. [47] The bottom 40 percent had no wealth at all. [48] In terms of property, the wealthiest 1 percent owned 51 percent, while the bottom 44 percent claimed 1.1 percent. [48]