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Essay / Research Paper Abstract
This 5 page paper describes several events and eras in American history, including the Panic of 1873, the Progressive Movement and the causes of the Great Depression among others. Bibliography lists 5 sources.
Page Count:
5 pages (~225 words per page)
File: D0_HVHstUSA.rtf
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Unformatted sample text from the term paper:
Revolution; the world wars and so on. It is a broad and varied landscape of history and it has all added up to the most powerful nation on earth. This
paper answers questions about specific events, consequences and political causes of events from 1865 to 1945. Discussion Looking at American history is looking at a patchwork, with events tumbling over
one another in rapid succession. Some of those events are the collapse of 1873; the development of business; urbanization; and the Depression among others. Lets take them in order. What
were the causes of the Economic Collapse of 1873? The so-called "Panic of 1873" started in Europe and was precipitated in America by "the failure of Jay Cooke and Company,
the countrys preeminent investment banking concern. The firm was the principal backer of the Northern Pacific Railroad and had handled most of the governments wartime loans" (Panic of 1873, 2005).
When Cooke failed, it had a ripple effect: the New York Stock Exchanged shut down for ten days; credit vanished, banks failed and "foreclosures were common" (Panic of 1873, 2005).
Factories shut down and thousands of people lost their jobs; there were so many people on the streets that charities couldnt keep up with the demand (Panic of 1873, 2005).
In addition, "[M]ost of the major railroads failed" (Panic of 1873, 2005). While the public tended to blame the government, the causes of the collapse were "much broader," including unregulated
post-war growth "with the government playing no role in curbing abuses" (Panic of 1873, 2005). However, the single biggest factor in the collapse was the "extreme overbuilding of the nations
railroad system," which "laid the groundwork of the Panic and the depression that followed" (Panic of 1873, 2005). What caused the rise of American industry? American industry rose with the
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