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The economic history of the American Civil War concerns the financing of the Union and Confederate war efforts from 1861 to 1865, and the economic impact of the war. The Union economy grew and prospered during the war while fielding a very large Union Army and Union Navy . [ 1 ]
The main prewar agricultural products of the Confederate States were cotton, tobacco, and sugarcane, with hogs, cattle, grain and vegetable plots. Pre-war agricultural production estimated for the Southern states is as follows (Union states in parentheses for comparison): 1.7 million horses (3.4 million), 800,000 mules (100,000), 2.7 million dairy cows (5 million), 5 million sheep (14 million ...
He implemented a 44-percent tariff during the Civil War—in part to pay for railroad subsidies and for the war effort, and to protect favored industries. [48] Tariffs remained at this level even after the war, so that the North's victory in the Civil War allowed the U.S. to remain one of the largest users of tariff protection for industry.
The book received unusually broad mainstream media attention for a work of economic history; its revisionism in the decade following some achievements by the civil rights movement caused controversy. It was a seminal work in generating debate within the fields of economics and history. As Thomas J. Weiss noted in 2001,
Tariffs, Blockades, and Inflation: The Economics of the Civil War is an economics book written by Mark Thornton and Robert Ekelund. The book, written from an Austrian School viewpoint, covers the socioeconomic situations of the American Civil War .
The Civil War had a devastating economic and material impact on the South, where most combat occurred. The enormous cost of the Confederate war effort took a high toll on the region's economic infrastructure. The direct costs in human capital, government expenditures, and physical destruction totaled $3.3 billion.
Economic history of the Confederate States of America (1 C, 9 P) Pages in category "Economic history of the American Civil War" The following 24 pages are in this category, out of 24 total.
The Civil War has been commemorated in many capacities, ranging from the reenactment of battles to statues and memorial halls erected, films, stamps and coins with Civil War themes being issued, all of which helped to shape public memory. These commemorations occurred in greater numbers on the 100th and 150th anniversaries of the war. [309]