The financial Panic of 1873 was sparked on September 18, 1873 by a single meeting with an employee of the Investment Bank of Jay Cooke & Company and two outside bankers. It was just a routine meeting at the bank to raise $1 million of capital. Jay Cooke, the principal, was on vacation with President Grant while the meeting took place. The other two bankers declined to invest money with Jay Cooke & Company. This then led to the employee deciding himself to close the bank. Panic seized Wall Street
enormous additional amount of production.” (The Vieana Panic) During this time of prosperity, the German Empire was founded in 1871. Because Vienna’s market was growing and expanding it became the perfect location for the World Exposition. In the summer of 1873, the Rotunde was built, which was known as a world meeting ground. This structure signified the significant achievements Vienna had made. Unfortunately, just a few weeks later on May 9, 1873, the Vienna stock market crashed. The timing of the
still a significant problem. “...in the 1870s, Northern voters grew indifferent to events in the South. Weary of the ‘Negro question and ‘sick of carpet-bag’ government, many Northern voters shifted their attention to such national concerns as the Panic of 1873 and corruption in Grant’s administration….” (Harper’s weekly Doc C) If we want to know as much information as possible about how the North lost interest in Reconstruction we must understand the
The Reconstruction was the process of trying to rebuild the South after the devastating effect of the Civil War. Some interesting facts during the Civil War were first, in 1869 the first college football game took place, second, African American universities became a reality, and last, in 1870, Hiram Revels was elected the first black Senator. In the end, Reconstruction died, but we’ve all been asking the same thing; North or South: Who killed the Reconstruction? Answering this question, I believe
Reconstruction Plans, but was mostly a failure due to the continued discriminatory policies against African Americans, such as the Black Codes, Jim Crow laws, and sharecropping, as well as the widespread corruption of the elite in the North and the Panic of 1873, Although Lincoln and Johnson both passed Reconstruction plans that helped reunite the north and the south, ultimately Congress was not satisfied and passed its own plan. Lincoln passed a rather forgiving Reconstruction plan because in his opinion
1800- Mount Holyoke College is a liberal arts women's college in South Hadley, Massachusetts. Originally founded by Mary Lyon as Mount Holyoke Female Seminary on 8 November 1837, it is the "first of the Seven Sisters" and is the oldest continuing institution of higher education for women in the United States. In addition, according to the United States Department of Education, "Mount Holyoke’s significance is that it became a model for a multitude of other women’s colleges throughout the country
Ulysses S. Grant On April 27, 1822 a boy was born to Jesse Root Grant and Hannah Simpson Grant in the small town of Point Pleasant, Ohio. They named their son Hiram Ulysses Grant. In 1823 the family moved to a town nearby called Georgetown, Ohio, where Ulysses’ father owned a tannery and some farmland. Grant had two brothers and three sisters born in Georgetown. Ulysses attended school in Georgetown until he was 14. He then spent one year at the academy in Maysville, Kentucky, and in 1838
worker strikes and public demonstrations while the American Federation of Labor stayed more pollical and gained the support of the government and public. The instances that caused the NLU and Knights of Labor to dissolve was also different. The panic of 1873 causing the NLU to become disabled and shortly after withered away. The Tragedy in Haymarket Square was the cause for the downfall of the Knights of Labor. Someone threw a bomb into the crowd at the rally in Haymarket Square which results in killing
During the Gilded Age, primarily in 1870 through 1900, America continued to grow a corporative power. Leading industries such as Carnegie’s steel, Rockefeller’s oil, and Vanderbilt's railroad boomed during this era with the use of trusts to monopolize the country. Although corporations were a success, they also created many problems. Nethertheless, industrialization significantly influenced the country’s economics and politics and transformed the American outlook on labor. Economically, industries
Garfield, Chester A. Arthur, Grover Cleveland, and Benjamin Harrison. Ulysses S. Grant was the first of the presidents elected during the Gilded Age, he was elected in 1869 and his presidency spanned to 1877. On September 24, 1869 the “Black Friday” panic happens in New York City when two gold entrepreneurs and Grant’s brother-in-law try to take control of the gold market. Grant finally orders a large sale of god ruining their plans to take over the market, but it effected the market greatly, stocks
Micah Gneiting 9/22/15 S.S. 4/English 6 DBQ: Reconstruction Who Destroyed Reconstruction? North or South? Reconstruction was going very well until Abraham Lincoln died, and then the North destroyed it. It was the hundredth anniversary of the American Revolution when the South became angry because of the presidency and split the nation apart. The Civil war was a very bloody war that lasted longer than anyone imagined. The North was lead to victory which allowed former slaves to become free, but
many Northern voters shifted their attention to such national concerns as the Panic of 1873 and corruption in" President "Grant's administration"(Doc C). If President Hayes would not have signed on an agreement that assured that the last Federal soldiers from the South would be removed in return for his presidency, then the South woud have had better protection form violence and conlfict(B.G. Essay). "In the fall of 1873," the Northerners arguide that "the blacks, as a people, are unfitted for the
The term agoraphobia comes from the mid-1800’s by a german psychiatrist, Karl Westphal. It was in 1873 that he started writing a journal dedicated to a few patients experiencing similar symptoms. Literally, agoraphobia is defined as a fear of squares or open places. Westphal chose the terminology from the Greek root “agora” meaning open space. He explicated that this disease made people experience anxiety episodes when in public places, rather than in the safety of their homes. Certain circumstances
The Murder of Reconstruction The Civil War, the deadliest war in American History, ended in a vicious divide of opinions and Northern and Southern States. This war ended in 1865 and thus began the Reconstruction Era where the U.S. tried to unite and the Confederate States were accepted back into the Union. In Reconstruction, the 13th-15th Amendments concerning Civil Rights and African Americans were ratified. The 13th Amendment abolishing slavery, the 14th awarding citizenship, and the 15th providing
They were more engaged on their own scandals that were happening during the Reconstruction period. “Weary of the ‘Negro Question’ and ‘sick of carpet-bag’ government, many Northern voters shifted their attention to such national concerns as the Panic of 1873 and corruption in Grant’s administration” (Document C). This conveys the mindlessness the Northerners had for Reconstruction in concern of potential governmental corruption. Also seen in document C, there is a cartoon that exhibits President Grant
commercial and residential land speculation already underway in the area of the park at that time. Olmstead and Vaux’s proposal was finally accepted in 1866 and the park officially opened on October 19, 1867 while still under development. The 1873 financial panic caused work on the park to largely cease, scrapping the more ambitious elements of the planned public space but finally giving Brooklyn a premier public park. Real estate boomed around the park in the late 19th century following its completion
A. Population post-civil war republic was increasing by leaps and bounds 1. Census takers 36 million in 1870 a 26.6% increase B. The United States is now the third largest nation in the western world 1. Ranked behind Russia and France II. The “Bloody Shirt” Elects Grant A. The Republicans nominated Civil War General Ulysses S. Grant, he was a great soldier but no political experience. 1. The Democrats could only criticize military Reconstruction and couldn’t agree on anything, causing them to be
wage reductions, job cuts, and the profiteering by the huge railroad corporations that had risen to dominance after the Civil War. Millions of Americans had become wage workers when businesses boomed, but a bank panic partly sparked by the instability caused by railroads' rate wars in 1873 sent the nation into an
Oscar Deolarte 9/22/15 ss.(2)/eng.(3) DBQ:Reconstruction North: Destroyer of Reconstruction “The slave went free ; stood a brief moment in the sun ; then moved back again toward slavery.”(W.E.B. Dubois)background essay. The question of North or south who killed the Reconstruction can be defined as who was more responsible for the end of a movement to rebuild the south and gaining equal rights for african americans. The Reconstruction began in ---- as a movement to rebuild the south and enforce the
The post-Civil War years between 1865 and 1900 were a time of immense social change and economic growth in the United States. This time period, commonly referred to as “The Gilded Age,” saw an end to Reconstruction, rapid industrialization, and new wealth. Despite these achievements, however, the era between Reconstruction and the beginning of the twentieth century was plagued by political stalemate, a decline of human values, increased materialism, and widespread corruption. Following the years