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Economic shifts: Unification of Currency, Emergence of Big Businessmen (apr 19, 1861 – dec 30, 1864)

Description:

State currency/banks become obsolete; fed govt prints 'greenback' bills and notes.

BIG BOIS: Andrew Carnegie: iron and steel entrepreneur from Scotland | John D. Rockefeller: oil magnate (controlled 90% of industry) | Jay Gould and J. P. Morgan: financiers| Philip D. Armour: earned millions supplying beef to the Union army | IN COMMON: | avoided the draft by paying their way out | vertically integrated monopolies | very philanthropic, but also brutal to their workers |

Added to timeline:

10 May 2018
1
0
1262
AP US History
COLOR KEY: beige = person | red = cold war/korean war | pink...

Date:

apr 19, 1861
dec 30, 1864
~ 3 years and 8 months

Images:

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