Economic History Of The American Civil War
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Economic History Of The American Civil War
The economic history of the American Civil War concerns the financing of the Union and Confederate war efforts from 1861 to 1865, and the economic impact of the war. The Union economy grew and prospered during the war while fielding a very large Union Army and Union Navy.Emerson David Fite, ''Social and industrial conditions in the North during the Civil War'' (1910online edition/ref> The Republican Party in Washington, D.C. had a Whiggish vision of an industrialized country, with great cities, efficient factories, productive farms, all national banks, all knit together by a modern railroad system, to be mobilized by the United States Military Railroad. The Southern United States had resisted policies such as tariffs to promote industry and the Homestead Acts to promote farming, because slavery in the United States would not benefit. With the South gone and the Northern Democratic Party weak, the Republicans enacted their legislation. At the same time, they passed new taxes to pay ...
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Union (American Civil War)
During the American Civil War, the Union, also known as the North, referred to the United States led by President Abraham Lincoln. It was opposed by the secessionist Confederate States of America (CSA), informally called "the Confederacy" or "the South". The Union is named after its declared goal of preserving the United States as a constitutional union. "Union" is used in the U.S. Constitution to refer to the founding formation of the people, and to the states in union. In the context of the Civil War, it has also often been used as a synonym for "the northern states loyal to the United States government;" in this meaning, the Union consisted of 20 free states and five border states. The Union Army was a new formation comprising mostly state units, together with units from the regular U.S. Army. The border states were essential as a supply base for the Union invasion of the Confederacy, and Lincoln realized he could not win the war without control of them, especially Maryla ...
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Federal Government Of The United States
The federal government of the United States (U.S. federal government or U.S. government) is the national government of the United States, a federal republic located primarily in North America, composed of 50 states, a city within a federal district (the city of Washington in the District of Columbia, where most of the federal government is based), five major self-governing territories and several island possessions. The federal government, sometimes simply referred to as Washington, is composed of three distinct branches: legislative, executive, and judicial, whose powers are vested by the U.S. Constitution in the Congress, the president and the federal courts, respectively. The powers and duties of these branches are further defined by acts of Congress, including the creation of executive departments and courts inferior to the Supreme Court. Naming The full name of the republic is "United States of America". No other name appears in the Constitution, and this i ...
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Poor White
Poor White is a sociocultural classification used to describe economically disadvantaged Whites in the English-speaking world, especially White Americans with low incomes. In the United States, Poor White (or Poor Whites of the South for clarity) is the historical classification for an American sociocultural group,Flynt, J. Wayne. ''Dixie's Forgotten People: The South's Poor Whites.'' Bloomington: Indiana UP, 2004. Print. of generally Western and/or Northern European descent, with many being in the Southern United States and Appalachia. They first were classified as a social casteDollard, John. ''Caste and Class in a Southern Town''. Garden City, NY: Doubleday, 1957. Print. in the Antebellum South, consisting of white, agrarian, economically disadvantaged laborers or squatters, who usually owned neither land nor slaves.Weber, Max. "Ethnic Groups." '' Economy and Society: An Outline of Interpretive Sociology''. Berkeley: University of California, 1968. 391. Print. In the Br ...
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Sharecropping
Sharecropping is a legal arrangement with regard to agricultural land in which a landowner allows a tenant to use the land in return for a share of the crops produced on that land. Sharecropping has a long history and there are a wide range of different situations and types of agreements that have used a form of the system. Some are governed by tradition, and others by law. The Italian ''mezzadria'', the French ''métayage'', the Catalan '' masoveria'', the Castilian ''mediero'', the Slavic ''połowcy'' and ''izdolshchina'', and the Islamic system of ''muzara‘a'' (المزارعة), are examples of legal systems that have supported sharecropping. Overview Sharecropping has benefits and costs for both the owners and the tenant. Under a sharecropping system, the landowner provided a share of land to be worked by the sharecropper, and usually provided other necessities such as housing, tools, seed, or working animals. Local merchants usually provided food and other supplies ...
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Tenant Farmer
A tenant farmer is a person (farmer or farmworker) who resides on land owned by a landlord. Tenant farming is an agricultural production system in which landowners contribute their land and often a measure of operating capital and management, while tenant farmers contribute their labor along with at times varying amounts of capital and management. Depending on the contract, tenants can make payments to the owner either of a fixed portion of the product, in cash or in a combination. The rights the tenant has over the land, the form, and measures of payment vary across systems (geographically and chronologically). In some systems, the tenant could be evicted at whim ( tenancy at will); in others, the landowner and tenant sign a contract for a fixed number of years ( tenancy for years or indenture). In most developed countries today, at least some restrictions are placed on the rights of landlords to evict tenants under normal circumstances. England and Wales Historically, rural ...
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Wage Labour
Wage labour (also wage labor in American English), usually referred to as paid work, paid employment, or paid labour, refers to the socioeconomic relationship between a worker and an employer in which the worker sells their labour power under a formal or informal employment contract. These transactions usually occur in a labour market where wages or salaries are market-determined. In exchange for the money paid as wages (usual for short-term work-contracts) or salaries (in permanent employment contracts), the work product generally becomes the undifferentiated property of the employer. A wage labourer is a person whose primary means of income is from the selling of their labour in this way. Characteristics In modern mixed economies such as those of the OECD countries, it is currently the most common form of work arrangement. Although most labour is organised as per this structure, the wage work arrangements of CEOs, professional employees, and professional contract workers ...
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Cotton Production In The United States
The United States exports more cotton than any other country, though it ranks third in total production, behind China and India. Almost all of the cotton fiber growth and production occurs in the Southern United States and the Western United States, dominated by Texas, California, Arizona, Mississippi, Arkansas, and Louisiana. More than 99 percent of the cotton grown in the US is of the Upland variety, with the rest being American Pima. Cotton production is a $21 billion-per-year industry in the United States, employing over 125,000 people in total, as against growth of forty billion pounds a year from 77 million acres of land covering more than eighty countries. The final estimate of U.S. cotton production in 2012 was 17.31 million bales, with the corresponding figures for China and India being 35 million and 26.5 million bales, respectively. Cotton supports the global textile mills market and the global apparel manufacturing market that produces garments for wide use, which ...
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Corruption In The United States
Corruption in the United States is the act of government officials abusing their political powers for private gain, typically through bribery or other methods, in the United States government. Corruption in the United States has been a perennial political issue, peaking in the Jacksonian era and the Gilded Age before declining with the reforms of the Progressive Era. As of 2023 the United States scored 69 on a scale from 0 ("highly corrupt") to 100 ("very clean") according to Transparency International's 2022 Corruption Perceptions Index. When ranked by score, the United States ranked 24th among the 180 countries in the Index, where the country ranked first is perceived to have the most honest public sector. History 18th century Corruption in the United States dates back to the founding of the country. The American Revolution was, in part, a response to the perceived corruption of the British monarchy. Separation of powers was developed to enable accountability. Freedom of a ...
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Subsidy
A subsidy or government incentive is a form of financial aid or support extended to an economic sector (business, or individual) generally with the aim of promoting economic and social policy. Although commonly extended from the government, the term subsidy can relate to any type of support – for example from NGOs or as implicit subsidies. Subsidies come in various forms including: direct (cash grants, interest-free loans) and indirect (tax breaks, insurance, low-interest loans, accelerated depreciation, rent rebates). Furthermore, they can be broad or narrow, legal or illegal, ethical or unethical. The most common forms of subsidies are those to the producer or the consumer. Producer/production subsidies ensure producers are better off by either supplying market price support, direct support, or payments to factors of production. Consumer/consumption subsidies commonly reduce the price of goods and services to the consumer. For example, in the US at one time it was cheaper to buy ...
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Reconstruction Era
The Reconstruction era was a period in American history following the American Civil War (1861–1865) and lasting until approximately the Compromise of 1877. During Reconstruction, attempts were made to rebuild the country after the bloody Civil War, bring the former Confederate states back into the United States, and to redress the political, social, and economic legacies of slavery. During the era, Congress abolished slavery, ended the remnants of Confederate secession in the South, and passed the 13th, 14th, and 15th Amendments to the Constitution (the Reconstruction Amendments) ostensibly guaranteeing the newly freed slaves (freedmen) the same civil rights as those of whites. Following a year of violent attacks against Blacks in the South, in 1866 Congress federalized the protection of civil rights, and placed formerly secessionist states under the control of the U.S. military, requiring ex-Confederate states to adopt guarantees for the civil rights of free ...
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Freedmen
A freedman or freedwoman is a formerly enslaved person who has been released from slavery, usually by legal means. Historically, enslaved people were freed by manumission (granted freedom by their captor-owners), abolitionism, emancipation (granted freedom as part of a larger group), or self-purchase. A fugitive slave is a person who escaped enslavement by fleeing. Ancient Rome Rome differed from Greek city-states in allowing freed slaves to become Plebs, plebeian citizens. The act of freeing a slave was called ''manumissio'', from ''manus'', "hand" (in the sense of holding or possessing something), and ''missio'', the act of releasing. After manumission, a slave who had belonged to a Roman citizen enjoyed not only passive freedom from ownership, but active political freedom ''(libertas)'', including the right to vote. A slave who had acquired ''libertas'' was known as a ''libertus'' ("freed person", grammatical gender, feminine ''liberta'') in relation to his former master, ...
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White Americans
White Americans are Americans who identify as and are perceived to be white people. This group constitutes the majority of the people in the United States. As of the 2020 Census, 61.6%, or 204,277,273 people, were white alone. This represented a national white demographic decline from a 72.4% share of the US's population (white alone) in 2010. As of July 1, 2021, United States Census Bureau estimates that 75.8% of the US population were white alone, while Non-Hispanic whites were 59.3% of the population. White Hispanic and Latino Americans totaled about 12,579,626, or 3.8% of the population. European Americans are the largest panethnic group of white Americans and have constituted the majority population of the United States since the nation's founding. The US Census Bureau uses a particular definition of "white" that differs from some colloquial uses of the term. The Bureau defines "White" people to be those "having origins in any of the original peoples of Europe, the Midd ...
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