Reconstruction 1865-1877 Flashcards
(142 cards)
when was Lincoln president
1861-1865
when was Johnson president
1865-68
when was Grant president
1869-1876
when did the south benefit from general prosperity and high cotton prices
1867-73
what was the average white southerner’s income in 1870
2/5 that of a northerner’s income
when was there a glut in cotton
early 1870s
how did the government raise money for the civil war
by developing a sophisticated capital raising system based on Wall Street
how much did the population increase between 1860 and 1880
in 1860, it was 31.5 million, by 1880 it was 50 million
how many immigrated to the US in the 1870s
2.8 million
when did the first transcontinental railroad open
1869
how long was the journey from New York to San Francisco before and after the development of railroads
6 months shortened to 6 days
how much did railroad track mileage increase by between 1860 and 1880
it tripled
how many km of new railroad track was laid between 1868 and 1873
53,000km
how many were employed by the railroads by 1900
1 million
what was the annual turnover of the New York Stock Exchange in 1865
over $6 billion
how big was the New York Stock Exchange globally by 1890
it was the second largest money market in the world
what were duties on imported goods in this period
as high as 50%
who created the concept of trusts
Henry Flagler, secretary for Standard Oil
who dominated the US steel industry and why
Andrew Carnegie through his development of the Bessemer converter
when was there a depression in this peirod
1873
what company went bankrupt, causing the 1873 depression
Jay Cooke and Company
why did Jay Cooke and Co go bankrupt
the failure of investments in the Northern Pacific Railroad
what happened to the NY Stock Exchange in the 1873 depression
it was closed for 10 days and credit dried up
how many were unemployed the winter 1873-74
1 million nationally