Railroads And The Panic Of 1873

Words: 72

Pages: 1

A mix of positive and negative effects. The railroads made possible a huge expansion of trade and settlement along the railroad lines when the transcontinental railroad was completed. At the same time the presence of the railroads helped seal the fate of the plains Indian tribes and nearly exterminated the great buffalo herds. And because the railroads were overbuilt, this helped lead to the Panic of 1873, which was a devastating

Show More

History Of The Gilded Age

The time frame for Gilded Age began around 1870 and lasted until the turn of the twentieth century. The era’s name was devised by authors Mark Twain and Charles Dudley Warner in novel The Gilded Age: A Tale of Today. The authors used sharp humor to describe what they thought to be a period of severe social problems concealed in thin gold gilding. The Gilded Age was a period of massive development. The North and West United states developed particularly well. The social and economic expansion appealed…

Words 256 - Pages 2

Jay Cooke Script Analysis

He was briefly engaged by the Treasury department in 1862 for taking 5 million but was hired again in 1865, and sold $830,000,000 worth of bonds. In 1870 Cooke’s firm financed the construction of the Northern Pacific Railway but fell when the panic of 1873 hit. By 1880, Cooke had regained all his wealth and died peacefully and wealthily in 1905…

Words 477 - Pages 2

Comparison Of Reconstruction And The Gilded Age

figures. This resulted in people unfit to govern in government positions, and those selected often were involved in scandals such as the Credit Mobilier Scandal. This was where the Union Pacific Railroad created the Credit Mobilier construction company and hired themselves at inflated prices to build the railroad. It was later discovered that government officials were paid to keep things quiet and some officials were censured. This was an example of a scandal that would definitely scar Grant’s reputation…

Words 1679 - Pages 7

Gilded Age Essay

Tweed. Graft: pocketing excess public funds for personal use; tool of corruption “Debtors fought for inflation creditors fought for deflation” Grant elected as president (1869-1877) most of the time during reconstruction Grant was a failure Panic of 1873, people loosing jobs Force acts give grant the right to sent troops to dismantle the KKK, he dampens the success and slow their grown in some aspects (comes back in 1890s) 1866 KKK was the first home grown terrorist group first as a social group…

Words 454 - Pages 2

A Corrupt Political System In The Gilded Age

the panic of 1873 the economy recovered with the help of hard money policies and industrialized. Technology innovations such as the steel productions, electric engines, cars, and skyscrapers are a few examples of the new industries that were springing up at the time of the Gilded Age. These inventions became the bases of modern consumerism and industrial productivity. “From 1869 to 1879, the U.S. economy grew at a rate of 6.8% for real GDP and 4.5% for real GDP per capita, despite the panic of 1873…

Words 1366 - Pages 6

Sofia: Cold War and Atomic Bomb Essay

Sofia Grabowski U.S. History 118 Summer 2013 S. Siegel Final Exam Chapter 14-32 Essay from the Civil War-Present The Manhattan Project: The Manhattan Project was the name for the top secret project of developing an atomic bomb. General Leslie Groves was appointed as the director of the project. Robert Oppenheimer was in charge of the research. In 1939 it was rumored that the Nazis were building an atomic bomb so that’s how the Manhattan Project was initiated; The United States did not…

Words 527 - Pages 3

Essay about The Gilded Age

presidency; Union Pacific Railroad insiders formed this construction company and then hired themselves at inflated prices to build the railroad line, earning dividends as high as 348 percent; furtively distributed shares of its valuable stock to congressmen to prevent whistle-blowing; a newspaper expose and congressional investigation of the scandal led to the formal censure of two congressmen and the revelation that the vice president had accepted payments from this company panic of 1873-over 15,000 businesses…

Words 1137 - Pages 5

Essay On The Gilded Age

and railroads rose during this time. Not only were new industries responsible for the development and growth of the American economy, but several dominant political figures of the day also had a close relationship with the industrial titans. One of the governing industrial titans was Andrew Carnegie and one of the biggest political figures was Richard Falley Cleveland. These two men aided the economic and political development of the United States into what we now know it as. In 1873, Mark…

Words 690 - Pages 3

Southern Reconstruction Essay

American history ch4sec3 Southern Reconstruction -With the end of the civil war there can new problems: -Where were all the men returning from the war going to work? -How was the south rebuilt? -What would be the relationship with freed blacks be in the south? -How to convert factories that had been making war materials into peace time production? -How would southern states be re admitted back into the union? -How to protect the rights of freed blacks in the south? President Lincoln's…

Words 1385 - Pages 6

Essay on Industrial Revolution and 1800 s Industrial Workers

Unions Machines are replacing humans. Although the industrialization was helping the economy and increasing production rates, it had a detrimental effect on the workers’ health. Working conditions were dusty, toxic and just plain unsafe. There have been plenty of injuries due to the lack of safety devices on the machines. The workers worked long hours and received little pay. They made 22 cents per hour and would work for fifty-nine hours a week. Despite of this, there was deflation. It means a…

Words 494 - Pages 2