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In each of the former Confederate states,
a. Indicate the date of readmission to the Union.
b. Indicate the date of re?establishment of conservative rule. Underline this date to distinguish it from the date of readmission and indicate what the two dates mean in the map's legend.
You will need one colored pen to complete this exercise. Use the map in Chapter 16 of the text entitled "The Reconstruction" as a guide.
Refer to Map Exercise 16-1.
National Debt
The total amount of money that a country's government has borrowed, typically from external or internal sources, to fund its operations and initiatives.
Recessionary Gap
The situation where an economy's real GDP is lower than its potential GDP, indicating underutilized resources and unemployment.
Equilibrium GDP
The level of Gross Domestic Product where aggregate supply equals aggregate demand, and the economy is in a state of balance.
Multiplier
The factor by which a change in investment, government spending, or other forms of economic activity is magnified in the overall economy.
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