1. The huge influx of immigrants following the Civil War provided American industries with an abundance of cheap labor.
2. The United States benefited from vast untapped reserves of natural resources: land, forests, oil, coal, water, and iron ore.
3. The advancements in technology increased the efficiency and productivity of many sectors of the economy. This in turn lowered the cost to produce goods and granted more consumers greater purchasing power.
4. The development of large-scale national corporations lowered the cost of production and subsequently the prices of finished goods.
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The American Vision
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What was the name of the program that the federal government carried out to repair the damage to the south and restore the southern states to the Union?
Reconstruction Era | |
Location | United States Southern United States |
President(s) | Abraham Lincoln Andrew Johnson Ulysses S. Grant |
Key events | Freedmen's Bureau Assassination of Abraham Lincoln Formation of the KKK Reconstruction Acts Impeachment of Andrew Johnson Enforcement Acts Reconstruction Amendments Compromise of 1877 |