History of the US since 1865 Final ReviewThe 3rd Party System and the Rise of the Republican Party (1854-1865)3rd Party System-- Growth of National Government- Modernization and Growth of Industry (Railroad)- Abolition of slavery and race relations- Trade ProtectionismPolitical Realignment-- A lasting change in the arrangement of political forces, a change in issues, or a shift in regional and demographic bases of power.- Generally results in a new political power structure that lasts decadesKansas-Nebraska Act (1854)-- Introduced by Democrats- Repealed Compromise of 1820 -> Made it illegal to have slaves in certain territories- Citizens allowed to decide on slavery -> Popular sovereignty- Result: Contributed to Realignment and Rise of Republicans with anti slaveryRepublican Party-- Founded by anti-slavery Whigs and Democratic members- Against the expansion of slavery- For protectionism- Increase tariffs to promote domestic tradeo Tariffs-tax on imported/exported goodsPaper Currency-- Demand Notes (Greenbacks)-paper money backed by goldo Issued too many and the notes were devalued- Legal Tender Notes-Not backed by gold, and had value because the government said they dido Fiat Money- money declared by the government to be a legal tender. Has no value on it’s own. Money supply increased 1/3 were counterfeit -> Secret Service Created- Secret Service created to track down counterfeitersReconstruction--Destruction of South Plantation economy-Reconstruct the south and the US- Presidential Reconstructiono Amicable reconciliation o Emancipation Proclamation-freed slave in southern states where northern troops were presento 13th amendment-Abolish slavery- 10% Plano Full pardon to rebels who release slaveso Pardon would restore all property, except slaves, and full political rightso When 10% of a state’s voting population took an oath of allegiance to the US, that state would be able to organize a new government- President Johnsono Hated planterso Wanted to give amnesty to confederate war veteranso Presidential veto- when the president refuses to pass a law, amendment, etc. that congress has proposedo Lame duck-politically powerless- 14th Amendmento All persons born in the US are citizenso All citizens are entitled to equal treatment under
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