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How Did The Civil War Affect The Economy

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With the surrender of Confederate states in the U.S. and the ending of the American Civil War, one of the most technologically and scientifically impactful eras came to be a the Reconstruction of the United States. During this era, the trend of mass introduction surfaced, the telephone was invented, the cash register was created, motion picture camera, as well as the high-frequency alternator. While all of these changes intertwined with each other, they also brought about key times within the Reconstruction era, such as the Great economic depression of 1893. The diplomatic United States was affected greatly in economic ways by means of trade, culturally, as four million slaves were freed and certain technologies started as a luxury and later …show more content…

Before mass production, everything was made-to-order and never in bulk or with vague intentions of selling in the future. With mass production came assembly lines. The positives to mass production were that these products could be created quickly and easily and that they would all be standardized items. Another positive that came from mass production was the fact that with machine production, it eliminated a lot of human error odds, as these machines were programmed solely for their job. This created an immaculate level of consistency for that time, as opposed to before mass production when two items of the same product could be very different due to being made individually at different times. Additionally, mass production made for less labor costs. With many tings being pre-decided, this led to divisions of labor within assembly lines, and that was a big factor in the high accuracy achieved. Each worker or group of worker had to focus only on their part of the job, which created a higher degree of reliability. With mass production came faster production rates, more efficiency, and therefore, better profits in less time. The faster production of product led to filling international demands of trade quicker and easier as …show more content…

One of the disadvantages was wasted resources. If there was anything with the product design, or the assembly line, that meant every item in the entire production cycle was effected. When this happened, the manufacturer would often have to get rid of all f these items, attempt to fix the issue, and start over. This led to a lot of wasted product, which was an even bigger problem when resources were limited to begin with. Alon with concern of wasted resources due to manufacturing discrepencies, there was no assurance that the products would sell even if they were all made correctly. The company would have to find ways to gage how much product to make, and in the case that they made more than would sell, more product would be wasted. Mass production also led to less variety, which in many cases, led to loss of consumers.
While the United States seemed to thrive after the boom of mass production, it made the fall of the economy much deeper during the economic depression of 1893. Within the depression of 1893, thousands of businesses were destroyed, over four million people were left unemployed, along with the dramatic plunge of the stock

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During Industrialization, many big changes occurred. One major point is that products and goods became cheaper to make, and in return, cheaper for sale. Shortly after factories starting popping up in the U.S., “the production of exports outpaced import of goods, and by the late 1800s America emerged as the world’s largest industrial power” (Doc 3). Before factories, things were made by hand and took time to make. Because of the amount of time it took to produce products, people needed to sell these products at higher prices to make the business worth something.

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The critical problems in the late 1920’s, threatening american economy was the older industries such as textiles, steel, and railroads, which were basic to the fundamental well-being of the economy, were barely profitable. Crop prices dropped, americans thought the nation would continue to prosper under Republican leadership. The bottom fell out of the market and the nation's confidence, and half of the banks failed. The causes of the stock market crashed and the Great Depression made the collapse of the economy occur more quickly and the depression worse than it could have been. Many were out of a job, and others experienced pay cuts and reduced hours.

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Blood. Glory. Tears. One could only describe the American Civil War as the division of a country through four years of violence. With their countrymen fighting against them, it is no wonder that the Civil War was the bloodiest war in American History.

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With the strike ultimately defeated, the workers were forced to return to work on the company's harsh anti-worker terms. Only six months after the panic began, its effect was felt all throughout the United States; more than 8,000 businesses, 156 railroads, and 400 banks all failed due to economic pressure and depression. The panic had almost up to 1 million workers unemployed and 20 percent of the American labor force losing their jobs. The economic downturn that affected the American workforce and widespread unemployment of the 1890s contributed to the brutal national

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The Great Depression of 1929 was a global economic catastrophe. In the United States, the crisis blanketed the country with widespread unemployment, almost seizing construction and industry, and a near 90% decline in stock prices was observed. The acquisition of raw materials and the price of commodities also suffered greatly. The exportation of coffee beans, other agricultural products, and metals was starkly impacted by an increase in tariffs, a strategy implemented my many nations to compensate for the economic downfall. Prior to the depression, Americans lived in time referred to as the New Era (1900 – 1929).

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This was said to be one of the worst depressions in American history(Whitten). All of these industries were brought to a halt because of drought the crippled the crops, the price of metals, primarily silver, plummeted, causing the railroads to stop. As well as a

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Having factories was a big part of the technological advances yet once the idea of interchangeable parts showed up and factories became more productive and ultimately made workers less valuable, while giving many people jobs. Since there were new job opportunities there was a change of population in America for the north there was urbanization according to the Library of Congress’s teacher ’s guide primary source set, “between 1860 and 1900, fourteen million immigrants came to the country, providing workers for an array of industries.” Many people came to work and did not need special skills to get a job. Immigrants and people looking for work could have an opportunity to make money

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The Civil War, shows that although the south lost, they were able to surviving without slaves and the economy could still function as a whole. After the civil war major reconstruction was needed. Southern states could not survive with the same social standards, but for now, blacks were free in the south. This also meant that the south would have to rely on other things besides slavery to boosts their economy. “For Blacks, it proved a hollow triumph.

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The Civil War had profound political, social, and economic implications for the United States. It resulted in the abolition of slavery, the preservation of the Union, and the establishment of a stronger federal government. The war also brought about significant changes in American society, as millions of soldiers and civilians were affected by the violence and destruction caused by the conflict. The Civil War also had a lasting impact on the economy of the United States.

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The War Between the States was one of America’s greatest wars—it was the fight for freedom, but it also impacted the economy. Because of this, America’s labor and transportation systems both took a significant turn during the Civil War, impacting America’s economy forever. In the end, the American Civil War greatly benefitted our transportation system, but devastated the South’s labor force. For a war to be fought strategically well, there first must be a form of simple, yet speedy, transportation. That is where the transcontinental railroad came in.

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If you got lucky and did not get fired the wages fell and the buying power increased. The americans that were forced to buy on credit fell into debt,and the numbers of repossessions and foreclosures increased steadily. The gold standard fixed currency exchanged around the world, and helped spread economic distress from the U.S. through the world.7When the country elected Franklin D. Roosevelt he promised he would create federal government programs to end the Great Depression.8 The federal government programs allowed people to get more jobs and help the economy increase. Roosevelt was a big influence during this time period and impacted many people, giving jobs to citizens and boosting the economy. After Franklin Roosevelt created the federal government programs it allowed the economy and society to grow and strength from the unlucky situation.

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The Great Depression was a period of prolonged economic recession that began on October 1929 and was preceded by the economic boom of the 1920s. The Depression gravely devastated the country and was by far the worst economic crisis of the 20th century, lasting for a decade, till the end of the 1930s. The Depression, though widely debated upon, can be considered the result of an untimely clash of unfavourable economic factors that began with the Wall Street crash of October 24th, 1929. The damage was extended on Tuesday, October 29, 1929, thus the name ‘Black Tuesday’.

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It is eerily personal, as we complete this course reading about the civil war and living through today’s adversarial climate of protesters, division of social, economic and political parties. As Abraham Lincoln said in the Gettysburg Address “and that government of the people, by the people, for the people, shall not perish from this earth” (Lincoln 428). The Civil War, while largely believed to be largely about slavery it appears to me that state’s right played just as an important role in the actual cause and continuance of the war. The division of the states and their prosperity, industry, education and representation in Congress divided this country, much as it is today.

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Work was made cheaper because of mass production. It caused work to be cheaper

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