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Essay / Research Paper Abstract
This 7 page paper examines the economic realities of U.S. history between the end of the Civil War and the end of the Second World War. Various ideas are discussed including the Great Depression, progressivism and industrialization. Bibliography lists 7 sources.
Page Count:
7 pages (~225 words per page)
File: RT13_SA535eco.rtf
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Unformatted sample text from the term paper:
the Second World War. One might think of this period as one that is replete with economic gain, but also one of great loss. There were many ups and downs
in terms of social, political and economic problems as they relate to industrialization, urbanization and the Great Depression that would end the period with a downturn. Of course, the depression
would spur the creation of social programs and something that would change life immeasurably for U.S. citizens. In fact, by 1945, things were looking up again. When studying this period,
it is important to note that while the Civil War would spur great changes, particularly as it respects the economy, it seems that things would become dismal shortly after the
end of the Civil War. The economic collapse of 1873 suggests that things were not always rosy. Not only that, but stability would not be achieved until the creation of
the Federal Reserve. Prior to that time, the banking era was upon the nation, and it was a period of time between 1863 and 1913 (Wicker, 2001). Panics were prevalent
and in 1873, there were 101 bank failures in September (Wicker, 2001). It was simply a time when banks could not be trusted. Today, people know when they put their
money in the bank, it is insured by the government, at least up to a certain amount of money. There is now no fear in using banks. This was not
the case at the time. What were the causes of the economic collapse of 1873? The causes appear numerous and characterized by a multitude of factors common in the day.
However, in the summer of 1873, there were numerous bank failures in Pennsylvania, New York and Virginia (Wicker, 2001). There were also some bank runs in Georgia, South Carolina, Nashville
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