The World's Greatest Books — Volume 12 — Modern History by Arthur Mee
page 21 of 342 (06%)
page 21 of 342 (06%)
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April 14, 1865, in Ford's Theatre, Washington.
The United States expended $800,000,000 in revenue, and incurred a debt of three times that amount during the war. The Reconstruction Period lasted from 1865 to 1870. The South was left industrially prostrate, and it required a long period to adjust the change from the ownership to the employment of the negro. Alaska was purchased from Russia, in 1867, for $7,200,000.00. An arbitration commission was called for by Congress to settle the damage claims of the United States against Great Britain, on account of Great Britain's failure to observe duties of a neutral during the war. The conference was held at Geneva, at the end of 1871, and announced its award six months later. This was $15,000,000.00 damages, to be paid to the United States for depredations committed by vessels fitted out by the Confederates in British ports. The chief of these privateers was the "Alabama." One of the first acts of President Hayes, in 1877, was the withdrawal of the Federal troops of the South. The new era of prosperity dates from the resumption of home rule. The Bland Bill of 1878 stipulated that at least $2,000,000, and not more than $4,000,000, should be coined in silver dollars each month, at the fixed ratio of 16-1. Garfield, the twentieth President of the United States, was elected 1880, and was assassinated on July 2, 1881, in Washington, by an insane |
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