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Unformatted text preview: August 22, 2005 Aftermath of the Civil War 3 major themes: 1) Reconstruction and Race 2) Expansion 3) Capitalism Reconstruction The Civil War lasted 4 years: 1861-1864 and the Union won North is more wealthy and has more capital. Capital is money used to produce things with and for investment. To reconstruct the US, politically the south needed to be included. By the 1870s the reconstruction of the south is a lot like the way it was before. The key difference between the North and South is Free labor and Slave labor. Ultimately free labor is the better choice and after the war slavery is abolished. Radical Republicans want to create civil rights for blacks...hence the name Radical. Freedman's Bureau - Government agency for freed black men. They can acquire land, education, and jobs through the agency. KKK - Dedicated to preserving white culture. Nathaniel Bedford Forest is the founder. Infamous for lynching black men as well as sympathetic whites toward blacks. The South as a Colony meaning the North owned the South (hypothetically) Lynching is such a big issues because the South wont do anything about it. One of the crimes that would get you lynched was called Reckless Eyeballing, which was if you looked at a white woman the wrong way it was considered on the same level as rape. Western Movement They key to capitalism is growth or it will fail. The Dawes Act makes the Indians give up the land and their way of life. The govt. broke up the land into pieces and distributed to individuals. White people try to turn the Indians on to their culture thus destroying the Indian culture. Capitalism Steel and manufacturing industries begin to take over the economy. Slowly the majority of the economy turns from agriculture to industrial. The idea however is to have a national industrial economy but the idea doe s not take off right away. In the period after the civil war the south was a feudal agricultural society. New forms of business organization are found i.e. Corporations Corporations are formed from the early 1800s on and are fairly small. 2 important functions of Corporations: 1) If you want to expand your operations you need capital. You get capital from finding investors. Capital enables you to have access to huge amounts of capital. 2) Bonds give you access to huge amounts of money to build more stuff. August 24, 2005 Capitalist America and its Challenges In the 1700s well into the late 1800s owned land farmed. We start to see that shift from dependance to independence. Labor creates value. Our work is apart of our personal dignity. As a result of industrialization a class formation becomes apparent. Labor struggles and class conflict....
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