HISTORY 6 Lecture Notes - Lecture 18: Ibm 7090
Document Summary
The gap between rich and from increased. Store closed - forced to work for wages. National currency after the civil war established a national bank. Lent money - sure of good return (for investors) Tariff - big tariff after the civil war, more expensive, incouraged american to buy american goods, foreign goods cost more. Railways required huge quantities of lumber, steel, stone - demand for materials, promoted expansion form producing those goods. Huge landmass, lots of timber, allowed for the building of cities. Fertile land, grow crops, for export here and europe. More native americans to reservations, to avoid white settlers. Population growth - due to immigration, improvement in transportation, unsettling in communities where people lived. Made farming more competitive, subject to competition. Could no longer make a living as farmers, moved to cities. Some moved to other countries, us became a popular destination after civil war. More workers, potential buyers of their goods.
