1 one crop agriculture subject to fluctuation and didnt have the corner on the

1 one crop agriculture subject to fluctuation and

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Why is the South so poor? 1. one crop agriculture subject to fluctuation and didn’t have the corner on the market any longer (other countries now competing with production of cotton) 2. Farmers don’t use chemical fertilizer or other advances in farming techniques 3. land in south (thin layer of top soil on top of clay that gets washed away) - Bottom Line----when people are poor, ignorant, and desperate they do bad very bad things e.g. lynching, corruption Contributing Factors to Rapid Industrial Growth (U.S. became the number one industrial nation by 1900 and the world’s first real manufacturing country) Political Factors that promoted the Postwar Industrial Growth 1. Morill Tariff Act of 1861 (reestablished high protective rates which allowed industry to expand free from foreign competition) 2. The National Banking Act of 1863 (created uniform national bank notes eliminating the confusion of state bank notes) 3. Federal Government provided land grants and loans to railroad companies which was essential to the growth of an industrial complex in the nation 4. 14 th Amendment was interpreted in a way as to define corporations as individuals giving them protection from state and federal government interference unless due process of law was exhausted 5. Huge profits made by businesses during the Civil War provided necessary capital to expand in the years that followed (a result of increased government spending during wartime) 6. Laissez-faire approach by the Government toward big business during the Gilded Age Economic Factors that promoted Postwar Industrial Growth 1. Abundant natural resources in America 2. Investment capital from war profits as well as from European investors 3. Cheap labor (war veterans, former farmers, immigrants) 4. New inventions and technologies made the production of goods much more efficient 5. Improved transportation (railroads) 6. Improved communication (telegraph) Gigliotti APUSH adapted from James L. Smith, Barron’s Test Prep, and the AP U.S. History Curriculum Framework 6
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The Rise of Big Business and Labor Prior to the Civil War Industry existed but “ Big Business ” virtually non-existent - largest was textile industries (North) - most business was local and family owned/operated (no mass production) - goods mostly produced for surrounding areas (local/regional) - apprenticeships still very common - Yeoman or Jeffersonian ideal still strong (economy was still primarily agrarian based) After the Civil War - Country converted from an agricultural society to a highly structured, centralized urban society (3 generations after Civil War) - Population doubled from 1869-1899 - huge increase in immigration - high birth rate - farm production doubled (over time this will cause overproduction thus driving down the price of agricultural goods) - value of manufactured goods increased six fold (due to demand) - by 1890, the wealthiest 9% of Americans controlled 75% of the total wealth in the country (rich getting richer, poor getting poorer) Contributing factors to the Rise of Big Business 2 nd
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  • Fall '16
  • Jason Gigliotti
  • Economics, Native Americans in the United States, Political corruption, James L. Smith, History Curriculum Framework

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