Part 5

Question 1

What happened at the panic of 1873?

Answer 1

The american industrial economy in the north blew up, 3 million people went jobless over night, and 5000+ businesses were shut down

Question 2

Where did people start moving for jobs after the panic o 1873?

Answer 2

West

Question 3

The us government and businesses didn’t provide what?

Answer 3

Unemployment benefits

Question 4

What panic of 1873 was probably the first what of all time?

Answer 4

American depression

Question 5

What is a depression?

Answer 5

When the gross domestic product declines by more than 10% in any 12 month period.

Question 6

How long does a depression usually last?

Answer 6

Longer than a year ( sometimes 10- 20 years)

Question 7

The United States had 3 majors depressions during what time period?

Answer 7

1873-1896

Question 8

What is gross domestic product?

Answer 8

One nations money compared to another nations money

Question 9

What is a recession?

Answer 9

The time when business activity has reached its peak and starts to fall until the time when business activity bottoms out

Question 10

What was the compromise of 1877?

Answer 10

A definite end of reconstruction and a republican president is put in

Question 11

What was the main part of reconstructions end?

Answer 11

Violence

Question 12

How did they stop people from getting killed?

Answer 12

The north and south started working together

Question 13

Who were the two in the 1876 election?

Answer 13

Republican Rutherford B. Hayes

Democrat Samuel J. Tilden

Question 14

Who won the popular and electoral votes but didn’t get presidency because of violence?

Answer 14

Tilden

Question 15

Violence broke out in SC so there was a recite. Hayes won. A compromise was reached. What happened?

Answer 15

Hayes became president

Reconstruction had to end

Question 16

What was new south?

Answer 16

South after reconstruction

Question 17

What all came out of reconstruction?

Answer 17

New public schools of whites and blacks
Women of the south were given the right to own property
Railroads, telegraph lines, etc. were rebuilt
South was rebuilt from the destruction of the civil war
14th and 15th amendments were passed. Civil liberties for all men (not native Americans)
The money for the improvements had to come from taxes.

Question 18

What happened with poverty?

Answer 18

Since there were so many freedmen, it was too expensive to give them al 40 acres, so they sold the land for a reasonable price. This crates a new job: upraiser. The freedmen didn’t have money, so the white men took over the land, making them sharecroppers

Question 19

What was the panic or 1873?

Answer 19

The worst economic crisis in the us at that time