Result of economic problems that occurred in 1874
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As a result of economic problems that occurred in 1874,
a. northerners wanted to create new jobs through reconstruction policies.
b. northerners wanted to increase spending on reconstruction programs.
c. republicans in congress began to speak out against reconstruction.
d. republicans lost control of the house of representatives to democrats
ANSWER: d) republicans lost control of the house of representatives to democrats
Explanation:
- The world economy and economic recession is the long slump or panic from 1873, which began in 1873 & ended in March of 1879/1896. In the decade after the American Civil War, the worst in Europe & the US witnessed rapid economic growth, fueling the 2nd Industrial Revolution,
- Inflation in the USA, huge investments in speculation (mainly by rail), demon-placed silver in Germany & the US, commercial disturbance in Europe as a result of the Franco-Prussian War (1870–1871) & significant destruction of property in Chicago and Boston Fires (1871 and 1872).
- Weak economic conditions had brought revolt against the Republican Party: for the first time since the civil war the Democrats had taken over the House in the 1874 Legislative elections.
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