A Yankee's Argument of post-Civil War Reconstruction

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However, because of the south leaving the union, having to support itself, and many other factors, by about 1865 banking came almost to a complete halt. The Bank of Charleston in South Carolina for example, which was the second largest financial institution, forced it way to stay open, but in less than three years had to be closed...
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Many of the loans that were made by the banks were based on a chain of credit that was mostly based on the amount of land and slaves someone had. When the slaves got emancipated, all value of land the average plantation owner had was about one-fourth of it’s antebellum value...
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Civil War Reconstruction: Success or Failure? TEACHER AP US History 06 January 2006 Reconstruction: Failure The Civil war was possibly the greatest tragedy that this country had ever faced. Years of constant arguing, compromises and cynical ideas about slavery pushed this so called "United Nation" into an atrocious collision between the Northern abolitionists and the Southern proslavery farmers and plantation owners...	5 / 1246
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