Contents. xxiii CHAPTER XIX. THE SOUTH DURING THE WAR. (18611865.) By JOHN CHRISTOPHER SCHWAB, Professor of Political Economy in Yale University. PAGE Montgomery Convention . . 603 Southern leaders ....... . 604 Confederate Congress 605 Confederate Constitutions 606 Southern finance 607 Powers of the executive . .... 608 Increase in the central power . ... 609 Confederate loans ... 610 Foreign loans 611 Issues of paper-money 612 Funding Acts ... 613 Confederate taxes ......... 614 Financial devices .......... 615 Gold premium ... ....... 616 Rise of prices ... . . . . 617 Paper-money and the banks . 618 Currency and speculation ... . 619 Results of the blockade 620-1 CHAPTER XX. POLITICAL RECONSTRUCTION. (18651885.) By THEODORE CLARKE SMITH, Assistant Professor of American History, Ohio State University. Effects of the War 622 Northern and Southern problems ... . 623 The Union and Democratic parties ...... 624 Theories of Reconstruction 625 Presidential Reconstruction ........ 626 Dissatisfaction in the North ....... 627 Rupture between President and Congress 628 Victory of the Radicals . . . ... 629 Congressional Reconstruction. Impeachment .... 630 Financial reorganisation 631 Southern Republicans. Grant's election . . . 632 Reconstruction completed 633 The Judiciary during Reconstruction ... . 634 Protection. Civil Service reform 635 Alabama controversy . . 636 Cuba, Panama, and Alaska . 637 Results of Reconstruction 638 Beginnings of reaction ... 639 Greeley campaign 640 "Carpet-baggers" and "Ku Klux Klan" 641