What Was The Reconstruction Period Of 1870's?

In spite of the overwhelming results of the American Civil War, such as the division of the once-United States, the massive slaughter of innocent lives, and the abolition of the inhumane slavery in U.S., America tried to stand up once again from its fall and to rebuild itself as it approached the decade of 1870's, making this Reconstruction period a truly indispensable part of U.S History (debold). An event like The Panic of 1873 and the settlement of the West help expansion and industrialization of U.S. territories. Furthermore, during this decade, inventions led the path to a more advanced society. One of the most successful inventor the world has known or also known as Thomas Edison, during this period he took his fame and inspired people with his determination and success. Movements also were prominent during this period, such
citizens and the nativism that dealt with immigrants and their place in the American societies (debold).

Some of the events that were significant to U.S. history during this decade were the Panic of 1873 and the settlement of the West. During this period, the railroad industry was the largest employer involving large investments and risks. A boom in railroad constructions greatly encouraged entrepreneurs, such as Jay Cooke, a powerful banker, to invest heavily in projects such as the Northern Pacific Railway. Little did they know that this would become overextended and out of control. Bankruptcy was declared, upsetting the economy of the U.S. A total of 18,000 businesses failed and unemployment was in uncontrollable elevation, during a time which became known as the Long