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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 ]
In 1967 the Civil War Token Society was founded by a group of collectors for the purpose of "stimulat[ing] interest and research in the field of Civil War token collecting." The society publishes a quarterly journal, Civil War Era Numismatics (previously The Civil War Token Journal), maintains a library, and conducts quarterly mail auctions. [13]
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.
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 ...
An American Civil War-era traveling forge contained 1,200 pounds (540 kg) of tools, coal and supplies. These tools and supplies included a bellows attached to a fireplace, a 4-inch-wide (100 mm) vise, 100-pound (45 kg) anvil, a box containing 250 pounds (110 kg) of coal, 200 pounds (91 kg) of horse shoes, 4-foot-long (1.2 m) bundled bars of iron, and on the limber was a box containing the ...
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]
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.