American Economy After Civil War

The economies of the North and South were vastly different leading up to the Civil War. Money was equivalent to power in both regions. For the North, the economy was based on industry as they were more modern and self-aware. They realized that industrialization was progress and it could help rid the country of slave labor as it was wrong. The North’s population had a class system but citizens could move within the system, provided they made the money that would allow them to move up in class. The class system was not as rigid as it was in the South. By comparison, the South wanted to hold on to its economic policy. In doing so, the practice of slavery kept the social order firmly in place. The economic factors, social issues and a growing

Although the American Civil War mainly occurred because of slavery, the fact is that slavery had a lot to do with economic and social issues.

After the civil war, businesses began to become big, they grew significantly in size, number and mostly in influence. Different corporations and businesses grew so much that they had a big effect and so much power and control in America. the businesses began to influence the people of america, the politics and the economy in america. As these companies and businesses grew, some became really powerful which was a good and bad thing. In post-Civil War United States, big businesses and corporations grew with both positive and negative impacts on politics, the economy and the responses of Americans.

The Industrial Revolution was of great importance to the economic development of the United States. The new era of mass production kindled in the United States because of technological innovations, a patent system, new forms of factory corporations, a huge supply of natural resources, and foreign investment. The growth of large-scale industry in America had countless positive results, but also negative results as well. Industrialization after the Civil War affected the United States in several ways including poverty, poor labor laws, and the condition of the people.

There were many economic differences between the North and the South that eventually led to the Civil War. One main difference was that The South's economy was based on agriculture and slave labor while the North's economy was more focused on manufacturing. According to Document 1a, “Abraham Lincoln Historical Digitization Project” , it represents that the value of Northern manufacturing surpassed the value of Southern manufacturing. This shows that the Northern states had a very well off economy , which can partly be due to its geography and location along the coast which contributed to major trade. Another reason for the North’s good economy was because unlike the South the industrialized North generated their wealth through innovation

After the civil war, especially during the late 1800s, the US industrial economy has been thriving and booming which reflected on the numerous improvements that occurred in transportation through new railroad, in new markets for new invented goods and in the increased farm yield. However, most of this wealth has been captured by the capitalists, they looked down on the working poor class and expected them to submit to them. Also, they had control over the government seeking to maintain a system of monopoly to allow them to grow richer from others. Thus, they were controlling both political and economic conditions of the country.

The United States post-Civil War era from 1875 to 1900 experienced massive economic and industrial growth, especially in the North. The rise of new machines, industries (railroad, oil, steel), and buildings contributed to a major upsurge in the prosperity of the American nation. In 1860, no American city had a population over one million; by 1890, three cities had passed the million mark. New York City became the second largest city in the world after London in 1900. The substantial growth of the U.S economically can be contributed to a group of wealthy capitalists that ran businesses/industries and stimulated economic growth. However, historians have argued over whether these capitalists were “robber barons” that were corrupt and took advantage of the American people or “captains of industry” that helped the U.S grow at unparalleled speeds. Wealthy capitalists such as Andrew Carnegie and John D. Rockefeller were indeed “captains of industry” who enlarged American industry and businesses, used their wealth to better their communities, and elevated the United States to new heights as one of the leading industrial powers of the entire world.

Since the Civil War brought extensive economic change to the United States, civilians in the North and South faced many economic challenges. "In the North the arms, metalworkings, boot making, and shipbuilding industries boomed, but the scarcity of cotton caused widespread layoffs and closures in the textile industry" (Keene, 391). Even though workers' salaries rose by forty percent, prices increased even faster, resulting in inflation that averaged fifteen percent. Despite the North's economic hardships, the problems the South faced were far worse. "The Southern economy was hit hard by the cessation of trade with the North and Europe due to the Union blockade" (Keene, 391). Southern industry and agriculture were limited by persistent

The main economic hurdle the country faced was centered in the south. After the war many Southerners were dependant on federal aid subsistence and the emancipation proclamation cost the South $2 billion of it’s capital (Farmer). Furthermore, agriculture had been what maintained southern economy but post-war most farms and plantations were desolate and many of the few railroad tracks that were there before had been destroyed. Historian Charles Beard looks at the war as, “the triumph of the forces of industrialism over plantation agriculture.” However this is not entirely true. While there was some movement towards industry, the south was still primarily agriculturally based and had adopted a system of sharecropping to do so. It took until 1867 for

In conclusion, the Civil war had many dramatic effects on the American economy, both during and after. The civil war caused massive development in many fields of innovation, which would help America’s economy in the long run. It also removed slavery from the south, which would immediately affect its production and therefore profits. Lastly, the civil war was very costly, and it would continue

In the time just before the Civil War, the United States was one of the most successful nations in the world. The United States had become the world’s leading cotton producing country and had developed industry, which would in the future, surpass that of Great Britain. Also, the United States possessed an advanced railroad and transportation system. However, despite its successes, the United States was becoming increasingly divided. The North and the South had many distinct differences in terms of their social, cultural, and economic characteristics that brought about sectionalism and, eventually, the Civil War.

The Civil war was the most momentous and crucial period of time in the history of America. Not only did this war bring an end to slavery but also paved way for numerous social and political changes. The country had already been torn by the negative trend in race relations and the numerous cases of slave uprisings were taking their toll on the country 's political and social structure. The country was predominately divided up into 3 sections, the North, the South, and the West. Each of these groups had different fundamental interests. The North wanted economies depending on farming, factories and milltowns, while the West relied on expansion and development of land for farming and new towns. The South mainly relied on agriculture like

The end of the Civil War brought a whole new era of economy, political control, and Presidential intervention. The economy emerged from its agriculturally based economy into a flourishing big business dominated world and eventually in 1929 came crashing down. I agree only partially with the quote " The Civil War saw the beginning of an 80-year decline of real individual economic opportunity; nonetheless, the vast majority of Americans continued to profess their belief in individualism as evidenced by the Presidents they elected. Thus, between 1865 and 1939, the majority of Americans accepted big business dominance and rejected all forms of government interference and regulation contrary to

Soon other lines followed throughout the country. Railroads affected almost every aspect of American life. The rapid spread of the railroads provided the basis for a tremendous westward movement of population. It also carried raw material to, and finish product from factories to consumers in a more efficient way (The USA online, n.d.). The railways became highly profitable business for their owners.

The decades after the Civil War rapidly changed the face of the United States. The rapid industrialization of the nation changed us from generally agrarian to the top industrial power in the world. Business tycoons thrived during this time, forging great business empires with the use of trusts and pools. Farmers moved to the cities and into the factories, living off wages and changing the face of the workforce. This rapid industrialization created wide gaps in society, and the government, which had originally taken a hands off approach to business, was forced to step in.