How Did The Panic Of 1873 Contribute To The End Of Reconstruction
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Reconstruction finally began to slow down in the 1870s. Many people from the North started to lose interest simply because they got tired of dealing with the South's problems and started to believe that the North should solve their own problems. The Panic of 1873 also helped lead to the end of reconstruction. The Panic of 1873 was an economic crisis that occurred shortly after Ulysses S. Grant was reelected in 1872. The Panic of 1873 was caused by the retraction of greenbacks, which are essentially the currency from the Civil War. The country went from uncontrollable growth of factories, railroads, and farms, to an extreme decrease of the money supply, which made up one of the greatest depressions the U.S. has ever experienced. The depression