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What was the impact of the Panic of 1873 on congressional Reconstruction efforts?

The financial panic of 1873 and the subsequent economic depression helped bring Reconstruction to a formal end. Across the country, but especially in the South business failures, unemployment, and tightening credit heightened class and racial tensions and generated demands for government retrenchment.

How did the Panic of 1873 hasten the end of Reconstruction quizlet?

How did the Panic of 1873 hasten the end of Reconstruction? The sudden collapse of the nation's economy left 3 million people without jobs, which led northerners to lose interest in Reconstruction as they focused on reversing the economic depression.

What was the impact of the Congressional Reconstruction plan?

Reconstruction governments served the expanding citizenry by establishing the South's first state-funded public school systems, seeking to strengthen the bargaining power of plantation labourers, making taxation more equitable, and outlawing racial discrimination in public transportation and accommodations.

How did the Panic of 1873 affect conditions in the South quizlet?

How did the Panic of 1873 affect Reconstruction? It affected the Reconstruction from an economic stance because in that period the stock market temporarily collapsed which caused an economic depression.