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Evolution Of The Nation
Essay specific features
Written by:
Craig C
Date added:
March 4, 2017
Level:
University
Grade:
B
No of pages / words:
7 / 1915
Was viewed:
2115 times
Rating of current essay:
Essay content:
(Bancroft, 1902).
Cooke's fall touched off a series of events that encompassed the entire nation. The New York Stock Exchange was closed for 10 days. Credit dried up, foreclosures were common and banks failed. Factories closed their doors, costing thousands of workers' jobs. The volume of destitute people soon overwhelmed the abilities of charities to function...
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The volume of destitute people soon overwhelmed the abilities of charities to function. Most of the major railroads failed. (Bancroft, 1902).
The public tended to blame President Grant and Congress for mishandling the economy. The causes were much broader, however. The postwar period was one of frenetic, unregulated growth with the government playing no role in curbing abuses...
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