In class, we discussed how the Long Depression occurred right in the middle of reconstruction. I believe that it accelerated to demise of the project for a few reasons. First off, reconstruction was essentially over long before the depression. Grant's administration was corruptly handing out money for projects that never occurred or even started, meaning that the entire purpose of reconstruction was nullified. Additionally, the mindset of social and political equality went from a serious possibility to being seemingly impossible by the end of reconstruction. The Long Depression took projects that were unsuccessful and essentially never going to be completed, and took away their funding even more. It made the public skeptical of the results of the reconstruction projects, and made them and the banks keep their money rather than invest in the projects that would improve these conditions. Essentially, in economic terms, the reconstruction projects were finished before the depression, but the conditions simply deteriorated quicker with it. After the depression, when Hayes became president, the reconstruction period officially ended. However, before said depression, the results would be the same if it never had happened, just slower. Overall, I believe the depression did not reshape the course of the reconstruction, but it did hurry up the ending of it.
-Chavez Rodriguez
The points you gave about the depression not shaping the reconstruction I agree with. Why do you think the long depression had such a big impact on moving forward?
ReplyDeleteI believe that it made everybody unwilling to throw their money around. They didn't want to invest, sure, but economic activity essentially came to a stand-still. It seems like transactions weren't happening, which influenced the reconstruction as well as the time after.
ReplyDeleteI agree with you in that the long depression may not have ended the reconstruction, I also agree with you in that the reconstruction was already finished at that point and was being used for corrupt reasons. However I believe that President Hayes would have ended the reconstruction either way.
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