His main objective (in which he succeeded) was to prevent sympathetic European powers, particularly Britain and France, from officially recognizing the Confederacy.
Many banks had invested in the market and faced significant shortfall; several faced insolvency. The Crash also prompted a run on gold deposits, further reducing the amount of deposits banks had on hand. As a result, banks curtailed their lending activities, contributing to an economic slowdown.
Answer:
Congress required Southern states to draft new constitutions guaranteeing African-American men the right to vote. The constitutions also had to ratify the Fourteenth Amendment, which granted African Americans equal protection under the law.
Explanation:
