The Important Role Of Economic Development In The United States

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 Reconstruction Era occurred between 1866 and 1877, immediately following the Civil War between the Northern and Southern states. The Reconstruction Era brought change to not only the American economy, society, and government, but significant changes to the lives of African Americans as well. Lincoln’s assassination in April 1865 impacted conditions for African Americans in the post-war period through political and social changes in the Reconstruction Era; which ranged from a new array of rights to many new opportunities in society.

The Union won!This is great for the north, however what is next for the Confederate army. With slaves becoming freedmen and the south destroyed after total war, a lot was to be done after the civil war. A solution to this was Reconstruction. Reconstruction was a period in american history from 1865 to 1877 lasting twelve years (Foner). Reconstruction after the war caused many social, political, and economic changes to the newly formed union.

The United States changed dramatically during the reconstruction period. After the reconstruction period, the United Stated continued to adjust well as we see it change economically and politically. Though the adjustment continued to go well, the change that occurs after reconstruction is emphasized with industrialization and the impact that industrialization has in certain regions of the U.S and on the people. Along with the new economy came with complications that affected the improvement of conditions in work and in life.

Reconstruction is the rebuilding of a country after a largely impacted war. The US reconstructed their country after the damage of the Civil War. This lasted 12 long years. Reconstruction was not only physically rebuilding buildings, it was altering the government, the beliefs of the people, food, shelter, and homes, and much more.

The United States was challenged with many issues after the Civil War like crop lien work contracts, segregation, and unresolved problems with the seceded states. This period was called Reconstruction.

Seeing that the United States' original plan for reconstruction would have been theoretically more effective; the reconstruction that occurred had it's good and flawed impacts on the country. As said before this reconstruction was good, to an extent, but it was flawed in many ways, and it led to further conflict and tension throughout the country even until today. Reconstruction is the root of many problems including the industrial bust, and the future of a divided nation; parts of America that prove reconstruction to have been ineffective. Shortly after the Civil War came the beginning of an industrial boom, it marked the transformation of the United States into a modern era. This period of time was essential for the socio-economic change occurring in the United States because of the industrial boom.

In Appomattox Court House, 1865, the Civil War concluded, ushering in the Reconstruction Era. Approximately one week after, John Wilkes Booth, a radical southerner, assassinated President Lincoln. The Reconstruction Era, which ended when Rutherford B Hayes ceased its enforcement to keep the peace, was a time for the country to consolidate and forgive the wrongs of the past. This Reconstruction period included many lasting effects on the governing of America. However, it shattered the welfare of southerners, Freedmen, and the general public. Additionally, discrimination ran rampant in the newly reunited country. Reconstruction was successful in the government, but not fiscally nor with public unity.

Three new Constitutional Amendments were ratified during the Reconstruction Era as well as many policies on both the state and federal levels. The amendments that were ratified during the Reconstruction Era were the thirteenth, fourteenth, and fifteenth amendments. The policies to assimilate the Southern states back into the union and for Reconstruction all varied dramatically between the Radical Republicans in Congress, President Abraham Lincoln, and President Andrew Johnson.

The Reconstruction time period definitely left behind a legacy. Some of the effects from that time period still affect us today. Some effects are terrorist groups, the 13th, 14th, and 15th amendments were passed, and the south become industrious.

In the Reconstruction Era, great strides were made towards giving the freed slaves the same freedoms as a white man. Reforms allowed the freedmen to enjoy economic independence, public education, the right to vote and even the ability to hold public office. It seemed that blacks were well on their way toward equality and escape from their former “inferior” status. This changed with the violent rise of the Democratic Party to control every state in the South. They fashioned themselves as “Redeemers”; their platform was white supremacy and subjugation of the black race (Foner 652).

and in reality it was a demonstration of the failure to make a dependable political

Economic development can be defined generally as involving an improvement in economic welfare, measured using a variety of indices, such as the Human Development Index (HDI). A developing country is described as a nation with a lower standard of living, underdeveloped industrial base, and a low HDI relative to other countries. There are several factors which may have the effect of limiting economic development in such countries. Factors such as these include: primary product dependency, the savings gap and political instability.

5. What are the factors of production? How can economies grow when one or more of the factors is weak?

Development is defined as “the process of change operating over time- the process by which countries and societies advance and become richer’’. The modern 20th century defines development as” the process of change which allows all the basic needs of a region to be met, thereby achieving greater social justice and quality of life and encouraging people to fulfill their potential’’. Todaro defines development as “the process of improving the quality of all human lives through raising people’s living standards, their incomes, consumption levels of food, medical services, education, raising people’s self-esteem through the establishment of social, political and economic systems and institutions that promote dignity and respect and increasing people’s