Evolution of a nation Free Essay, Term Paper and Book Report
Evolution of a Nation Paper
Introduction
Many internal changes affected America from 1865 to 1945. In this paper many issues will be examined from social, political, and economic issues all the way up to the Great Depression. All of these factors will contribute to the Evolution of a Nation.
Economic Collapse of 1873
When looking at the economic collapse of 1873, one significant event stands out. This would be the failure of Jay Cooke and Company, the countrys preeminent investment banking company. After the Civil War railroad construction was booming and Jay Cook handled most of the government loans and was financing the Northern Pacific Railroad. The firm had realized they had overextended themselves and closed their doors declaring bankruptcy on September 18, 1873 (CoG, n.d.) The collapse swept through the nation, credit dried up, banks closed their doors, and even the New York stock Exchange closed its doors for 10 days. This also affected the railroad industry 89 of the countries 364 railroads ended in bankruptcy, including 18,000 businesses, and unemployment was......
Word Count: 1400
Page Count: 5.6 (250 words a page / double spaced)
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