At the time of the war it was unclear whether or not the North would be able to maintain the Union and bring the South back into the fold. ... On top of that the majority of the banking was handled in the North which meant that the majority of the money that resided in the banks was in the North on the order of four to one. ... They had the opportunity to export the cotton that they produced and use it as a form of credit with foreign countries; however, they chose not to do so. ... This might not have won the war for the South anyways because the North was bound and determined to maintain the...

• Word Count: 1584
• Approx Pages: 6
• Grade Level: High School

This began to change with many formed organizations such as Labor Unions and ethnic organizations. ... The regulatory firms had few rules, taxes were low, interest rates were down and credit was easily accessible. ... Ben Strong whom I think is responsible for a lot that happened made promises to the Bank of England to help reinstate the "gold standard". ...

• Word Count: 2136
• Approx Pages: 9
• Grade Level: High School