Graphic of part of the Emancipation Proclamation
Rights and POwer: The POlitics of Reconstruction
Link to Part 1 of Section 4: Presidential Reconstruction Link to Part 2 of Section 4: Congress and Civil Rights Link to Part 3 of Section 4: The National Debate Over Reconstruction; IMpeachment; and the Election of Grant Link to Part 4 of Section 4: Reconstruction Government in the South Link to Biographies in Section 4

Bonds issued by Tennessee to Louisville and Nashville Railroad, dated 1866. (Tennessee State Museum)

Bonds issued by Tennessee to
Louisville and Nashville Railroad, dated 1866.
Artifact #94.56.123
(Tennessee State Museum)

Click image to enlarge.

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During Reconstruction, the new state governments embarked on ambitious and expensive programs of economic development, rebuilding its cities and hoping that railroad and factory development would produce a prosperity shared by both races.

However, the goals were never fully realized, partly because Northern investors preferred new opportunities in the West.

The bonds are signed by William G. Brownlow, governor of Tennessee from 1865 to 1869.
Copyright 2003
he Meaning of Freedom: Black and White Responses to Slavery From Free Labor to Slave Labor Rights and Power: The Politics of Reconstruction The Ending of Reconstruction Epilogue: The Unfinished Revolution Additional Resources Credits for this Exhibit Link to return to Digital History Home Link to return to Reconstruction Home Introduction