To understand the end of Reconstruction, it's important to take the following facts into account:
- 1872: The General Amnesty Act was passed by the Congress. This act removed restrictions placed upon Confederate officials.
- 1873: the Fourteenth Amendment was scarcely interpreted in the Slaughterhouse cases. This meant that state law was violationg individuals' civil rights.
- 1875: The Civil Rights Act of this year, which allowed black people to be part of a jury and which didn't allow racial discrimination in public places, was eventually not enforced.
- Finally in 1876 the idea of the Reconstruction was left aside by both parties and in 1883 the Civil Rights Act was declared unconstitutional.
All of these reasons, caused the end of the Reconstruction and made Republicans forsake black people, finally causing the infringement of civil rights and full segregation.
Answer:
The more fundamental reason I believe capitalism is speculative and inherently unstable is that the money on which it is based is speculative as well. Contrary to what socialists claim, capitalism, with all of its flaws, is the preferred economic system for lifting the masses out of poverty and transforming them into productive citizens in our country and around the world.
Explanation:
Answer:
To pay reparations after World War I, Germany printed more money.
Explanation:
After the end of World War I in November 1918, France and Great Britain imposed on the defeated Germany the payment of war reparations for the destruction caused during the conflict.
The German government issued paper money to pay the reparations of war, calling Papiermark to these new issues. Due to the emergencies arising from the conflict, the Papiermark lacked of gold backing and was not convertible into this precious metal, which was an unusual situation for the time, where the gold standard scheme required all the paper money issues of a country were backed by gold, precisely to guarantee its value. As a result of this situation, Germany entered into a period of hyperinflation.
