OUTLINE

A “New” South?

I. The New South image

A. “New” vs. “Old” South

B. manufacturing

C. scientific agriculture

D. race relations

II. The Texas economy, 1876-1890

A. cotton

B. sharecropping/tenant farming

C. railroads

D. deflation

1. wartime greenbacks

2. return to the gold standard

a) silver demonetized, 1873

b) Specie Resumption Act, 1879

3. Wall Street and the two major parties

E. lack of capital

F. a roller-coaster world economy

G. depression by-the-numbers

1. cotton prices

2. tenancy

3. farm mortgages

4. cotton acreage

5. the crop lien and furnishing merchant

6. land prices

7. efficiency and diversification?

III. Realities of the “New” South?