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1-24-13 Economy After the Civil War outline

1-24-13 Economy After the Civil War outline -...

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The Economy After the Civil War: Capital, Big Business, Labor Introduction: The United States as the “Fortinbras of   the Twentieth  Century” ( Hamlet  reference) - The US is the top economic power in the world today.  - The basis for this economy has moved from manufacturing to customer basis. - However the US wasn’t always at the top – after WW1 (1915) When the US had surpassed Great Britain  - Fortinbras: Where did he come from? No one knows.  - Who the hell was the US when they suddenly came into power. - When and How the US became the world’s top economic power. - When: The decade after the civil war - How: Complicated I. Capital (The Investment Money) railroads, Wall Street investment banks,  J. P. Morgan,  Corsair  agreement 1885 - The US got more international money than any other developing country in the 19 th   century. - They invested this money into the continental power (the west) – expansion - European Countries were sending the US this money
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- Britain & Germany. - The primary investors of the US industry = British - Most of this money when to the railroads; these railroads were racing across the  nation  - The west was not settled densely before the Civil War - BECAUSE people fought over who would populate the west - was it going ot farmers? Plantation owners? - The end of the civil war was the answer to this question. - The northern republicans took the advantage of the south not being in the congress to  pass several laws – especially about railroad expansion - Railroads were given money and land. - The railroad companies were given land and money to give as an  incentive to build more railroads - The federal government subsidizes expansion. 
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