BY: Gabriel Penaloza
Oliver o Haward
Ulysses S. Grant
The amendment originated after the Civil War when Congress tried passing legislation to secure civil rights for the recently freed slaves. President Andrew Johnson repeatedly vetoed these bills because he believed individual states had the right to determine the status of freedmen without interference from the Federal government.
In order to take the issue out of Johnson’s reach, Congress chose to address civil rights with a constitutional amendment. On June 13, 1866, Congress approved a five-part amendment to the Constitution and on July 9, 1868, the 14th Amendment became law.
The country was united.
Freedman were able to own land and live their lives for the first time.
Blacks legally got the right to vote.
Blacks became politically active, taking up political offices.
Black schools and universities were founded.
Black Codes, which led to Jim Crow
Many freedmen were killed in an attempt to "recapture" slaves.
The South faced economic turmoil caused by printing CSA bills and carpetbaggers.
The bad handling by Andrew Johnson led to his Impeachment.
panic of 1873
The Panic of 1873 or Depression of 1873 marked a severe international economic depression in Europe and United States that lasted until 1879, and even longer in some countries. It began with financial failures in Vienna that spread to most of Europe and overextended American banking in late 1873.
The signal event in America was the failure of Jay Cooke and Company, the country’s preeminent investment banking concern. The firm was the principal backer of the Northern Pacific Railroad and had handled most of the government’s wartime loans. 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.
In Britain, the result was two decades of stagnation known as the "Long Depression", during which Britain lost its world economic leadership. In U.S. literature this global event is usually known as "Panic of 1873", while in Europe it is known as Long Depression or Great Depression.