-HN+Recon+Economical

-Carpet Baggers- During Reconstruction, many northerners migrated from the North to the South to take advantage of the many opportunities that were presented by the poverty of the region. Though some of these travelers were well-intentioned farmers, some were genuine scoundrels and corrupted politicians. A "carpetbagger" became the southern term applied to a northerner who came to the South; the term became associated with dirty dealings and scoundrels. -Sharecropping- Essentially another form of slavery, sharecropping was a system of land lease where newly emancipated slaves, without money and without experience in activities other than manual labor, were paid for conducting the labor, but they had to buy their own supplies and pay rent for their food and dwelling. Eventually, they would run up a heavy deficit, as the pay would not cover the expenses and the workers would become indebted to the landowner. Their fate was in actuality almost the same as a slave's. -Panic of 1873 (Causes and Effects)- With the failure of Jay Cooke and Company, a firm that backed the Northern Pacific Railroad and handled the government's wartime debts, the New York Stock Exchange closed, banks failed, foreclosures occurred, factories closed, and railroads failed. Though Ulysses S. Grant and Congress were blamed for causing the panic, the cause lies in the uncontrolled growth and expolitation of the economy and the overbuilding of railroads. In additition to the loss of livlihoods for Americans, the panic led to increased tensions between workers and banks, paving the way for future worker-employer conflicts. -Role of Newly Freed African-Americans in Northern Cities-