RECONSTRUCTION 1865 1877
RECONSTRUCTIONS EFFECTS ON AFRICAN AMERICANS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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MAny towns, buildings, and farms were destroyed.
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Over 600, 000 people were killed by combat and disease. The end of the war brought an end to slavery.
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The war brought economic ruin the the South, while the North’s economy grew.
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Virginia was split into two states. West Virginia and Virginia.
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Detailed explanation-1: -The American Civil War devastated the South. Most of the war was fought in the South and much of the region’s infrastructure was destroyed. Confederate bonds and currency became worthless, depriving the region of a great proportion of its wealth.
Detailed explanation-2: -Their estimates suggest that government expenditures by both governments totaled $3.3 billion; the estimated “value” of human capital lost because of deaths in the war was $2.2 billion; and the Physical destruction was just under $1.5 billion.
Detailed explanation-3: -The US Civil War is often credited with creating the “modern economy” through industrialization and through modern taxation, banking, and the use of paper currency. Before the Civil War, there was little use of deficit spending, no income tax, and consumers preferred to use gold dollars to paper currency.
Detailed explanation-4: -Agricultural growth declined in interwar India, intensifying poverty and weakening prospects for industrialisation. Historical scholarship explains poor agricultural growth mainly in terms of adverse institutions, a hypothesis that fails to account for the much better growth rates in pre-war India.