The Panic of 1873 permeated every corner of American society which shifted politics from reconstruction to economic crisis, which resulted in the end of reconstruction.
The Role of 1873 panic:
The role of 1873 panic in the end of reconstruction are as follows:
- The business failures, unemployment, and tightening credit heightened the class and racial tensions.
- Moreover, the charges of Corruption on President Grant's Office added fuel to the fire of anger against his government.
- Even before 1873, the reconstruction movement was going weak, since political leaders believed that Slavery had been abolished and citizenship and voting rights had been established by Constitutional Amendment, there is no need for extending this movement any further.
- The 1876 presidential election resulted in Reconstruction to a formal end.
Reconstruction movement was related to the restoration of the Union, transformation of southern society, and enactment of progressive legislation favoring the rights of freed slaves.
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