Lesson 21:Growth of the U.S. Economy After the Civil War

This lesson focuses on changes in the U.S. economy in the years following the Civil War. After examining tables of data and explanatory materials, the students use economic reasoning to identify sources of economic growth and development during the post-war years, noting especially the role of property rights in supporting technological advancement.

Concepts:

Economic growth, Incentives, Innovation, Institutions, Private property rights, Productivity, Profit
National Content Standards in Economics:
  • Standard #4: Incentives
  • Standard #10: Institutions
  • Standard #15: Economic Growth