in 1872 Mining enabled westward expansion. In 1890 the Sherman Silver Act was passed so suppliment America's farmers might earn more for their crops so the silver act where the government to purchase nearly twice as much silver as before, but also added substantially to the amount of 2-4 million dollars to subsidize the farm economy. That plan backfired, as people turned in their silver Treasury notes for gold dollars, which depleated the gold reserve. This gold rush led to the crash of 1893. this led to western ghost towns.
The price of silver dropped minimg companies cut wages. Many miners woved to other towns, towns started dying. The mining leases mineral rights for 1872 rates.
01-01-2009, 03:29 AM
Yeah but Obama just found a cure for cancer and will deliver America from it's woes. Just like he did for Illinois during his terms.
01-01-2009, 05:17 PM
Chicago where Obama learned about government
Who Ran it?
Senators: Barack Obama & Dick Durbin
Representative: Jesse Jackson, Jr.
Illinois Governor: Rod Blogojevich (arrested)
Illinois House leader: Mike Madigan
Illinois Attorney General: Lisa Madigan (daughter of Mike)
Chicago Mayor: Richard M. Daley (son of Mayor Richard J. Daley)
The leadership in Illinois? All Democrats.
Body count in the last six months: 292 killed (murdered) in Chicago while 221 killed in Iraq
State pension fund - $44 Billion in debt, worst in the country.
Cook County ( Chicago ) sales tax - 10.25% highest in country. (Look it up).
Of course, they're all blaming each other. They can't blame Republicans because there aren't any.
This is the political culture that Obama comes from in Illinois.
And he's going to '"fix" Washington politics for us?