28 - LPK Holt HIUS 309 Midterm Exam Tuesday March 18th-2...

Info icon This preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
LPK Holt HIUS 309 February 28, 2008 Midterm Exam: Tuesday, March 18 th -2 Parts: identification (25%) – names, terms, etc. (no historians) and 1 essay (why did the North win the Civil War?) The Economic Impact of the Civil War Introduction o A major watershed in American economic history – the US was converted from an agrarian economy to an industrial economy o Because the Mississippi River was closed, trade went from Iowa to Kansas, directly east rather than going south – proceeded the Civil War by at least a decade o The war produced an enormous increase in agriculture output because of the market provided by the army – led to the first real mechanization of agriculture in the Midwest, people bought reapers – began in the 1850s, not a product of the war; railroads could carry goods back and forth from the east coast, farmers could sell their goods at east coast prices because of the Crimean War (England was at war with Russia, the other major producer of corn and wheat, so the English had to get their goods from the US) o The war gave a great boost to industrial production because of the government buying supplies for the army and navy; the inflation produced by greenbacks in the North – reduced the real wages of labor, didn’t keep up with prices o The war is credited with leading to a shift to large-scale operations – government gave contracts to most efficient manufacturers – could turn out goods fast and at a lower cost o Major industrialists became tycoons after the war ended The South and Economic Growth o The Civil War had a huge negative impact on the South’s economy – huge, permanent changes o The South, at the start of the war, was heavily agrarian – cotton, tobacco, rice, and sugar; during the war, the South’s economy drastically
Image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
changed – shift from cotton to food production; tremendous increase in mining and manufacturing; o Problems with the railroad were never really solved in the South – gaps in lines inhibiting trips; suffered deterioration and destruction o
Image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern