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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 Union economy grew and prospered during the war while fielding a very large army and navy. [119] The Republicans in Washington had a Whiggish vision of an industrial nation, with great cities, efficient factories, productive farms, all national banks, all knit together by a modern railroad system, to be mobilized by the United States ...
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 ...
Losses were far higher than during the war with Mexico, which saw roughly 13,000 American deaths, including fewer than two thousand killed in battle, between 1846 and 1848. One reason for the high number of battle deaths in the civil war was the continued use of tactics similar to those of the Napoleonic Wars, such as charging.
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.
By the war's end, its price had dropped to 1.7 cents. [2] Overall, prices in the South increased by more than 9000% during the war, averaging about 26% a month. [3] The Secretary of the Treasury of the Confederate States, Christopher Memminger (in office 1861–1864), was keenly aware of the economic problems posed by inflation and loss of ...
The Civil War had collapsed the Democrats' national machine and given the GOP the chance to entrench its own national machine that held for 70 years. Republicans fully took credit for winning the war and abolishing slavery, and were firmly established as the party of big business, the gold standard, and economic protectionism.
According to Empire of Liberty, compared to the northern United States the American South became an increasingly anomalous part of the country over time, with its retention of slavery and traditionalism; meanwhile, James M. McPherson's volume in the series, Battle Cry of Freedom: The Civil War Era (published in 1988, before Empire of Liberty ...