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