[Abraham Lincoln believed that] [t]he only reason people do not succeed in a capitalist environment is because they are improvident, they are lazy, t… - Allen C. Guelzo

To Lincoln, slavery undercut the free labor outlook on the world because it denied advancement and self-improvement. For Lincoln, the great attraction of any economic regime was the degree to which it permitted accumulation and self-promotion. He once described the ideal system as being one where the penniless beginner starts out working for somebody else, accumulates capital on his own by dint of savings, goes into business for himself, and then eventually becomes so successful that he hires others, who in turn continue the cycle. And he spoke of that as being the order of things in a society of equals. For him, the very notion of equality is a matter of equality of openness, aspiration, and opportunity.

[W]hat Reconstruction succeeded in doing: it helped us avoid a renewed outbreak of civil war (which, considering the history of civil conflicts, is no small achievement); it laid the legal and constitutional foundations for a more egalitarian America, foundations that it took only sixty-five years to revitalize into the Civil Rights Movement; it restored the original balance of constitutional federalism, putting aside the states’ rights absolutism of the pre-war Southern aristocracy. But I do not say this to encourage any historical Pollyannaism about Reconstruction. That restored federal balance permitted the emergence of the first women’s voting rights legislation, the curtailing of municipal corruption, and the introduction of widespread public schooling; it also permitted the emergence of Jim Crow. But as Lincoln said, “this is a world of compensation.” The historical good and the evil, even in Reconstruction, do not come unmixed.

Technically, Reconstruction was "over" when the last of the Confederate states had written new state constitutions and elected representatives and senators in conformity with the Reconstruction Acts. This happened fairly quickly, between June 1868 and July 1870, and it put in place state governments that were largely dominated by Republicans and that made heroic efforts to make a reality of voting rights for the freed slaves. But one by one, the wheels came off these reconstructed state governments and the old Southern Democratic power machines regained control. But “regained” is too anodyne; “overthrew” is the real word, since the recapture of these state governments was accomplished by violence and black voter intimidation.