SAT US History: US Economic History From 1970 to 1898

A massive oversupply of cotton, causing prices to drop dramatically - leading to a brief recession An increase in slave trade The North began to produce cotton on similar levels to the South - causing discontent to foster between Southern plantation owners at loss of business A decrease in slave trade The destruction of Southern soil, causing widespread food-shortage and poverty The interstate highway system The telephone The automobile The Transcontinental Railroad The telegraph New, quicker methods of overland transportation The removal of the gold standard The opening of the Panama Canal The annexation of California by the United States by the Treaty of Guadalupe Hidalgo New markets for gold in Europe and the large eastern cities of America Rollin White Daniel B. Wesson Oliver Winchester Samuel Colt Horace Smith Bacon's Rebellion. Harsh slave codes. The introduction of the cotton gin. The mercantilist system of the colonies. Increased prices of tobacco. The failure of President Ulysses S. Grant to cut business taxes The failure of international trade with European powers Decoupling of the monetary supply from the gold standard An inability of former Confederate states to pay back debts from the Civil War Bank failures due to rampant speculation over railroads turn from an industrial economy to an agricultural economy turn from an agricultural economy to an industrial economy collapse under its own weight change away from a slave dominated economy expand greatly due to increased productivity Created monopolies in order to raise prices Obtained unyielding control over necessary resources of the nation Supported the workers' right to unionize Exerted excessive, self-interested government influence Paid very low wages Whiskey purity laws The drinking age The anticipated prohibition against alcohol Price fixing Federal taxes Placed a cap on the number of Northerners who could move to the South in an attempt to placate disillusioned Southern land owners Displaced Native American communities from territories in the western United States to make room for white settlers Granted to every freed slave the right to forty acres and a mule to help get them started Established protected Native American territories that could not be legally occupied by white settlers Offered one-hundred and sixty acres of land to anyone who would commit to living on and working the land for a period not less than five years