Putting the South Back Together Again

Putting the South Back Together Again - • Construction of...

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Putting the South Back Together Again Problems Land had not been cultivated in sometimes four years Railroads were a mess Houses were in disarray Some items were taken by the former slaves for safe keeping Sharecropping Poor, illiterate and intimidated by widespread violence after the Civil War, many former slaves agreed to sharecropping contracts, designed to keep them poor. Cotton came back By 1880-producing as much cotton as before the war Depended on National grant money Farm to Factory Richard H. Edmonds editor of The Manufacturers' Record, the leading business journal of the South, 1.to encourage outside capital investment in the South's economy 2. to promote every possible form of industrial development. Cotton Mills
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Unformatted text preview: • Construction of Southern mills with Southern finance capital • Factory jobs went to whites Coal • Tapped rich coal deposits Iron and Steel • Initial financing of the steel and iron industries came from Southern sources • 1900 • foreign investors and Northerners such as Andrew Carnegie largely controlled these industries. Tobacco • Grown in the South • Processed elsewhere • In the late 1870s and early 1880s • Southern capitalists established prosperous tobacco factories • Tobacco Industry is #1 • James B. Duke in 1890 controlled the largest tobacco industry in the world BUT … • By 1900, as was the case with cotton and iron/steel, outside capitalists controlled the industry....
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This note was uploaded on 01/05/2012 for the course HIST 1302 taught by Professor Sarabostelmann during the Fall '11 term at Collins.

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Putting the South Back Together Again - • Construction of...

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