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| economic issues during the civil war: Clash of Extremes Marc Egnal, 2010-01-05 Clash of Extremes takes on the reigning orthodoxy that the American Civil War was waged over high moral principles. Marc Egnal contends that economics, more than any other factor, moved the country to war in 1861. Drawing on a wealth of primary and secondary sources, Egnal shows that between 1820 and 1850, patterns of trade and production drew the North and South together and allowed sectional leaders to broker a series of compromises. After midcentury, however, all that changed as the rise of the Great Lakes economy reoriented Northern trade along east-west lines. Meanwhile, in the South, soil exhaustion, concerns about the country's westward expansion, and growing ties between the Upper South and the free states led many cotton planters to contemplate secession. The war that ensued was truly a clash of extremes. Sweeping from the 1820s through Reconstruction and filled with colorful portraits of leading individuals, Clash of Extremes emphasizes economics while giving careful consideration to social conflicts, ideology, and the rise of the antislavery movement. The result is a bold reinterpretation that will challenge the way we think about the Civil War. |
| economic issues during the civil war: The Greatest Nation of the Earth Heather Cox Richardson, 2009-07-01 While fighting a war for the Union, the Republican party attempted to construct the world's most powerful and most socially advanced nation. Rejecting the common assumption that wartime domestic legislation was a series of piecemeal reactions to wartime necessities, Heather Cox Richardson argues that party members systematically engineered pathbreaking laws to promote their distinctive theory of political economy. Republicans were a dynamic, progressive party, the author shows, that championed a specific type of economic growth. They floated billions of dollars in bonds, developed a national currency and banking system, imposed income taxes and high tariffs, passed homestead legislation, launched the Union Pacific railroad, and eventually called for the end of slavery. Their aim was to encourage the economic success of individual Americans and to create a millennium for American farmers, laborers, and small capitalists. However, Richardson demonstrates, while Republicans were trying to construct a nation of prosperous individuals, they were laying the foundation for rapid industrial expansion, corporate corruption, and popular protest. They created a newly active national government that they determined to use only to promote unregulated economic development. Unwittingly, they ushered in the Gilded Age. |
| economic issues during the civil war: The Impact of the English Civil War on the Economy of London, 1642–50 Ben Coates, 2017-03-02 When the English Civil War broke out, London’s economy was diverse and dynamic, closely connected through commercial networks with the rest of England and with Europe, Asia and North America. As such it was uniquely vulnerable to hostile acts by supporters of the king, both those at large in the country and those within the capital. Yet despite numerous difficulties, the capital remained the economic powerhouse of the nation and was arguably the single most important element in Parliament’s eventual victory. For London’s wealth enabled Parliament to take up arms in 1642 and sustained it through the difficult first year and a half of the war, without which Parliament’s ultimate victory would not have been possible. In this book the various sectors of London’s economy are examined and compared, as the war progressed. It also looks closely at the impact of war on the major pillars of the London economy, namely London’s role in external and internal trade, and manufacturing in London. The impact of the increasing burden of taxation on the capital is another key area that is studied and which yields surprising conclusions. The Civil War caused a major economic crisis in the capital, not only because of the interrelationship between its economy and that of the rest of England, but also because of its function as the hub of the social and economic networks of the kingdom and of the rest of the world. The crisis was managed, however, and one of the strengths of this study is its revelation of the means by which the city’s government sought to understand and ameliorate the unique economic circumstances which afflicted it. |
| economic issues during the civil war: Modernizing a Slave Economy John Majewski, 2011-04-01 What would separate Union and Confederate countries look like if the South had won the Civil War? In fact, this was something that southern secessionists actively debated. Imagining themselves as nation builders, they understood the importance of a plan for the economic structure of the Confederacy. The traditional view assumes that Confederate slave-based agrarianism went hand in hand with a natural hostility toward industry and commerce. Turning conventional wisdom on its head, John Majewski's analysis finds that secessionists strongly believed in industrial development and state-led modernization. They blamed the South's lack of development on Union policies of discriminatory taxes on southern commerce and unfair subsidies for northern industry. Majewski argues that Confederates' opposition to a strong central government was politically tied to their struggle against northern legislative dominance. Once the Confederacy was formed, those who had advocated states' rights in the national legislature in order to defend against northern political dominance quickly came to support centralized power and a strong executive for war making and nation building. |
| economic issues during the civil war: Tariffs, Blockades, and Inflation Mark Thornton, Robert Burton Ekelund, 2004 What role did economics play in leading the United States into the Civil War in the 1860s, and how did the war affect the economies of the North and the South? Tariffs, Blockades, and Inflation uses contemporary economic analyses such as supply and demand, modern market theory, and the economics of politics to interpret events of the Civil War. Simplifying the sometimes complex intricacies of the subject matter, Thornton and Ekelund have penned a nontechnical primer that is jargon-free and accessible. Tariffs, Blockades, and Inflation also takes a comprehensive approach to its topic. It offers a cohesive and a persuasive explanation of the how, what, and why behind the many factors at work on both sides of the contest. While most books only delve into a particular aspect of the war, this title effectively bridges the gap by offering an all-encompassing, yet relatively brief, introduction to the essential economics of the Civil War. This book starts out with a look at the reasons for the beginning of the Civil War, including explaining why the war began when it did. It then examines the economic realities in both the North and South. Also covered are the different financial strategies implemented by both the Union and the Confederacy to fund the war and the reasons behind what ultimately led to Southern defeat. Finally, the economic effect of Reconstruction is discussed, including the impact it had on the former slave population. Thornton and Ekelund have contributed an overdue examination of the Civil War that will impart to students a modern way to better comprehend the conflict. Tariffs, Blockades, and Inflation offers fresh, penetrating insights into this pivotal event in American history. |
| economic issues during the civil war: The Economics of World War I Stephen Broadberry, Mark Harrison, 2005-09-29 This unique volume offers a definitive new history of European economies at war from 1914 to 1918. It studies how European economies mobilised for war, how existing economic institutions stood up under the strain, how economic development influenced outcomes and how wartime experience influenced post-war economic growth. Leading international experts provide the first systematic comparison of economies at war between 1914 and 1918 based on the best available data for Britain, Germany, France, Russia, the USA, Italy, Turkey, Austria-Hungary and the Netherlands. The editors' overview draws some stark lessons about the role of economic development, the importance of markets and the damage done by nationalism and protectionism. A companion volume to the acclaimed The Economics of World War II, this is a major contribution to our understanding of total war. |
| economic issues during the civil war: Gold and Freedom Nicolas Barreyre, 2015-12-15 Historians have long treated Reconstruction primarily as a southern concern isolated from broader national political developments. Yet at its core, Reconstruction was a battle for the legacy of the Civil War that would determine the political fate not only of the South but of the nation. In Gold and Freedom, Nicolas Barreyre recovers the story of how economic issues became central to American politics after the war. The idea that a financial debate was as important for Reconstruction as emancipation may seem remarkable, but the war created economic issues that all Americans, not just southerners, had to grapple with, including a huge debt, an inconvertible paper currency, high taxation, and tariffs. Alongside the key issues of race and citizenship, the struggle with the new economic model and the type of society it created pervaded the entire country. Both were legacies of war. Both were fought over by the same citizens in a newly reunited nation. It was thus impossible for such closely related debates to proceed independently. A truly groundbreaking work, Gold and Freedom shows how much the fate of Reconstruction—and the political world it ultimately created—owed to northern sectional divisions, revealing important links between race and economy, as well as region and nation, not previously recognized. |
| economic issues during the civil war: The Panic of 1857 and the Coming of the Civil War James L. Huston, 1999-03-01 In the autumn of 1857, sustained runs on New York banks led to a panic atmosphere that affected the American economy for the next two years. In The Panic of 1857 and the Coming of the Civil War, James L. Huston presents an exhaustive analysis of the political, social and intellectual repercussions of the Panic and shows how it exacerbated the conflict between North and South.The panic of 1857 initiated a general inquiry between free traders and protectionists into the deficiencies of American economic practices. A key aspect of this debate was the ultimate fate of the American worker, an issue that was given added emphasis by a series of labor demonstrations and strikes. In an attempt to maintain the material welfare of laborers, northerners advocated a program of high tariffs, free western lands, and education. But these proposals elicited the opposition of southerners, who believed that such policies would not serve the needs of the slaves system. Indeed, many people of the period saw the struggle between North and South as an economic one whose outcome would determine whether laborers would be free and well paid or degraded and poor.Politically, the Panic of 1857 resurrected economic issues that had characterized the Whig-Democratic party system prior to the 1850s. Southerners, observing the collapse of northern banks, believed that they could continue to govern the nation by convincing northern propertied interests that sectionalism had to be ended in order to ensure the continued profitability of intersectional trade. In short, they hoped for a marriage between the Yankee capitalist and the southern plantation owner.However, in northen states, the Panic had made the Whig program of high tariffs, a national bank, and internal improvements popular with distressed members of the community. The country's old-line Whigs and nativists were particularly affected by the state of economic affairs. When Republicans moved to adopt a portion of the old Whig program, conservatives found the attraction irresistible. By maintaining their new coalition with conservatives and by exploiting the weaknesses of the Buchanan administration, the Republicans managed to capture the presidency in 1860.No other book examines in such detail the political ramifications of the Panic of 1857. By explaining how the economic depression influenced the course of sectional debate, Huston has made an important and much-needed contribution to Civil War historiography. |
| economic issues during the civil war: The Business of Civil War Mark R. Wilson, 2006-07-15 This wide-ranging, original account of the politics and economics of the giant military supply project in the North reconstructs an important but little-known part of Civil War history. Drawing on new and extensive research in army and business archives, Mark R. Wilson offers a fresh view of the wartime North and the ways in which its economy worked when the Lincoln administration, with unprecedented military effort, moved to suppress the rebellion. This task of equipping and sustaining Union forces fell to career army procurement officers. Largely free from political partisanship or any formal free-market ideology, they created a mixed military economy with a complex contracting system that they pieced together to meet the experience of civil war. Wilson argues that the North owed its victory to these professional military men and their finely tuned relationships with contractors, public officials, and war workers. Wilson also examines the obstacles military bureaucrats faced, many of which illuminated basic problems of modern political economy: the balance between efficiency and equity, the promotion of competition, and the protection of workers' welfare. The struggle over these problems determined the flow of hundreds of millions of dollars; it also redirected American political and economic development by forcing citizens to grapple with difficult questions about the proper relationships among government, business, and labor. Students of the American Civil War will welcome this fresh study of military-industrial production and procurement on the home front—long an obscure topic. |
| economic issues during the civil war: The Rise and Fall of American Growth Robert J. Gordon, 2017-08-29 How America's high standard of living came to be and why future growth is under threat In the century after the Civil War, an economic revolution improved the American standard of living in ways previously unimaginable. Electric lighting, indoor plumbing, motor vehicles, air travel, and television transformed households and workplaces. But has that era of unprecedented growth come to an end? Weaving together a vivid narrative, historical anecdotes, and economic analysis, The Rise and Fall of American Growth challenges the view that economic growth will continue unabated, and demonstrates that the life-altering scale of innovations between 1870 and 1970 cannot be repeated. Gordon contends that the nation's productivity growth will be further held back by the headwinds of rising inequality, stagnating education, an aging population, and the rising debt of college students and the federal government, and that we must find new solutions. A critical voice in the most pressing debates of our time, The Rise and Fall of American Growth is at once a tribute to a century of radical change and a harbinger of tougher times to come. |
| economic issues during the civil war: The Causes of the Civil War Paul Calore, 2014-10-16 While South Carolina's preemptive strike on Fort Sumter and Lincoln's subsequent call to arms started the Civil War, South Carolina's secession and Lincoln's military actions were simply the last in a chain of events stretching as far back as the early 1750s. Increasing moral conflicts and political debates over slavery--exacerbated by the inequities inherent between an established agricultural society and a growing industrial one--led to a fierce sectionalism which manifested itself through cultural, economic, political and territorial disputes. This historical study reduces sectionalism to its most fundamental form, examining the underlying source of this antagonistic climate. From protective tariffs to the expansionist agenda, it illustrates the ways in which the foremost issues of the time influenced relations between the North and the South. |
| economic issues during the civil war: Clashing Over Commerce Douglas A. Irwin, 2017-11-29 A Foreign Affairs Best Book of the Year: “Tells the history of American trade policy . . . [A] grand narrative [that] also debunks trade-policy myths.” —Economist Should the United States be open to commerce with other countries, or should it protect domestic industries from foreign competition? This question has been the source of bitter political conflict throughout American history. Such conflict was inevitable, James Madison argued in the Federalist Papers, because trade policy involves clashing economic interests. The struggle between the winners and losers from trade has always been fierce because dollars and jobs are at stake: depending on what policy is chosen, some industries, farmers, and workers will prosper, while others will suffer. Douglas A. Irwin’s Clashing over Commerce is the most authoritative and comprehensive history of US trade policy to date, offering a clear picture of the various economic and political forces that have shaped it. From the start, trade policy divided the nation—first when Thomas Jefferson declared an embargo on all foreign trade and then when South Carolina threatened to secede from the Union over excessive taxes on imports. The Civil War saw a shift toward protectionism, which then came under constant political attack. Then, controversy over the Smoot-Hawley tariff during the Great Depression led to a policy shift toward freer trade, involving trade agreements that eventually produced the World Trade Organization. Irwin makes sense of this turbulent history by showing how different economic interests tend to be grouped geographically, meaning that every proposed policy change found ready champions and opponents in Congress. Deeply researched and rich with insight and detail, Clashing over Commerce provides valuable and enduring insights into US trade policy past and present. “Combines scholarly analysis with a historian’s eye for trends and colorful details . . . readable and illuminating, for the trade expert and for all Americans wanting a deeper understanding of America’s evolving role in the global economy.” —National Review “Magisterial.” —Foreign Affairs |
| economic issues during the civil war: The Handbook on the Political Economy of War Christopher J. Coyne, Rachel L. Mathers, 2011-01-01 The Handbook on the Political Economy of War highlights and explores important research questions and discusses the core elements of the political economy of war. |
| economic issues during the civil war: Ways and Means Roger Lowenstein, 2022-03-08 “Captivating . . . [Lowenstein] makes what subsequently occurred at Treasury and on Wall Street during the early 1860s seem as enthralling as what transpired on the battlefield or at the White House.” —Harold Holzer, Wall Street Journal “Ways and Means, an account of the Union’s financial policies, examines a subject long overshadowed by military narratives . . . Lowenstein is a lucid stylist, able to explain financial matters to readers who lack specialized knowledge.” —Eric Foner, New York Times Book Review From renowned journalist and master storyteller Roger Lowenstein, a revelatory financial investigation into how Lincoln and his administration used the funding of the Civil War as the catalyst to centralize the government and accomplish the most far-reaching reform in the country’s history Upon his election to the presidency, Abraham Lincoln inherited a country in crisis. Even before the Confederacy’s secession, the United States Treasury had run out of money. The government had no authority to raise taxes, no federal bank, no currency. But amid unprecedented troubles Lincoln saw opportunity—the chance to legislate in the centralizing spirit of the “more perfect union” that had first drawn him to politics. With Lincoln at the helm, the United States would now govern “for” its people: it would enact laws, establish a currency, raise armies, underwrite transportation and higher education, assist farmers, and impose taxes for them. Lincoln believed this agenda would foster the economic opportunity he had always sought for upwardly striving Americans, and which he would seek in particular for enslaved Black Americans. Salmon Chase, Lincoln’s vanquished rival and his new secretary of the Treasury, waged war on the financial front, levying taxes and marketing bonds while desperately battling to contain wartime inflation. And while the Union and Rebel armies fought increasingly savage battles, the Republican-led Congress enacted a blizzard of legislation that made the government, for the first time, a powerful presence in the lives of ordinary Americans. The impact was revolutionary. The activist 37th Congress legislated for homesteads and a transcontinental railroad and involved the federal government in education, agriculture, and eventually immigration policy. It established a progressive income tax and created the greenback—paper money. While the Union became self-sustaining, the South plunged into financial free fall, having failed to leverage its cotton wealth to finance the war. Founded in a crucible of anticentralism, the Confederacy was trapped in a static (and slave-based) agrarian economy without federal taxing power or other means of government financing, save for its overworked printing presses. This led to an epic collapse. Though Confederate troops continued to hold their own, the North’s financial advantage over the South, where citizens increasingly went hungry, proved decisive; the war was won as much (or more) in the respective treasuries as on the battlefields. Roger Lowenstein reveals the largely untold story of how Lincoln used the urgency of the Civil War to transform a union of states into a nation. Through a financial lens, he explores how this second American revolution, led by Lincoln, his cabinet, and a Congress studded with towering statesmen, changed the direction of the country and established a government of the people, by the people, and for the people. |
| economic issues during the civil war: The Political Economy of War and Peace Murray Wolfson, 2012-12-06 cancer n. any malignant tumor . . . Metastasis may occur via the bloodstream or the lymphatic channels or across body cavities . . . setting up secondary tumors . . . Each individual primary tumor has its own pattern . . . There are probably many causative factors . . . Treatment. . . depends on the type of tumor, the site of the primary tumor and the extent of the spread. (Oxford Concise Medical Dictionary 1996, 97) Let us begin by stating the obvious. Acts of organized violence are not necessarily of human nature, but they are endogenous events arising within the an intrinsic part evolution of complex systems of social interaction. To be sure, all wars have features in common - people are killed and property is destroyed - but in their origin wars are likely to be at least as different as the social structures from which they arise. Consequently, it is unlikely that there can be a simple theory of the causes of war or the maintenance of peace. The fact that wars are historical events need not discourage us. On the contrary, we should focus our understanding of the dimensions of each conflict, or classes of conflict, on the conjuncture of causes at hand. It follows that the study of conflict must be an interdisciplinary one. It is or a penchant for eclecticism that leads to that conclusion, but the not humility multi-dimensionality of war itself. |
| economic issues during the civil war: How the South Won the Civil War Heather Cox Richardson, 2020-03-12 Named one of The Washington Post's 50 Notable Works of Nonfiction While the North prevailed in the Civil War, ending slavery and giving the country a new birth of freedom, Heather Cox Richardson argues in this provocative work that democracy's blood-soaked victory was ephemeral. The system that had sustained the defeated South moved westward and there established a foothold. It was a natural fit. Settlers from the East had for decades been pushing into the West, where the seizure of Mexican lands at the end of the Mexican-American War and treatment of Native Americans cemented racial hierarchies. The South and West equally depended on extractive industries-cotton in the former and mining, cattle, and oil in the latter-giving rise a new birth of white male oligarchy, despite the guarantees provided by the 13th, 14th, and 15th Amendments, and the economic opportunities afforded by expansion. To reveal why this happened, How the South Won the Civil War traces the story of the American paradox, the competing claims of equality and subordination woven into the nation's fabric and identity. At the nation's founding, it was the Eastern yeoman farmer who galvanized and symbolized the American Revolution. After the Civil War, that mantle was assumed by the Western cowboy, singlehandedly defending his land against barbarians and savages as well as from a rapacious government. New states entered the Union in the late nineteenth century and western and southern leaders found yet more common ground. As resources and people streamed into the West during the New Deal and World War II, the region's influence grew. Movement Conservatives, led by westerners Barry Goldwater, Richard Nixon, and Ronald Reagan, claimed to embody cowboy individualism and worked with Dixiecrats to embrace the ideology of the Confederacy. Richardson's searing book seizes upon the soul of the country and its ongoing struggle to provide equal opportunity to all. Debunking the myth that the Civil War released the nation from the grip of oligarchy, expunging the sins of the Founding, it reveals how and why the Old South not only survived in the West, but thrived. |
| economic issues during the civil war: Conflict and Compromise Roger L. Ransom, 1989-09-29 In this book Professor Roger Ransom examines the economic and political factors that led to the attempt by Southerners to dissolve the Union in 1860, and the equally determined effort of Northerners to preserve it. Ransom argues that the system of capitalist slavery in the South not only caused the Civil War by producing tensions that could not be resolved by compromise; it also played a crucial role in the outcome of that war by crippling the southern war effort at the same time that emancipation became a unifying issue for the North. Ransom also carefully examines the impact that four years of war and the emancipation of slaves had both on the defeated South and the victorious North. -- From publisher's description. |
| economic issues during the civil war: The Great Tax Wars Steven R. Weisman, 2004-10-26 A major work of history, The Great Tax Wars is the gripping, epic story of six decades of often violent conflict over wealth, power, and fairness that gave America the income tax. It's the story of a tumultuous period of radical change, from Abraham Lincoln and the Civil War through the progressive era under Theodore Roosevelt and ending with Woodrow Wilson and World War I. During these years of upheaval, America was transformed from an agrarian society into a mighty industrial nation, great fortunes were amassed, farmers and workers rebelled, class war was narrowly averted, and America emerged as a global power. The Great Tax Wars features an extraordinary cast of characters, including the men who built the nation's industries and the politicians and reformers who battled them -- from J. P. Morgan and Andrew Carnegie to Lincoln, T.R., Wilson, William Jennings Bryan, and Eugene Debs. From their ferocious battles emerged a more flexible definition of democracy, economic justice, and free enterprise largely framed by a more progressive tax system. In this groundbreaking book, Weisman shows how the ever controversial income tax transformed America and how today's debates about the tax echo those of the past. |
| economic issues during the civil war: The Economic Causes of the English Civil War George Yerby, Taylor & Francis Group, 2021-12-13 This book substantiates the link between economic motivations and the political revolution of the mid seventeenth century. |
| economic issues during the civil war: The Gilded Age Mark Twain, Charles Dudley Warner, 1904 |
| economic issues during the civil war: War by Other Means Robert D. Blackwill, Jennifer M. Harris, 2016-04-12 A Foreign Affairs Best Book of 2016 Today, nations increasingly carry out geopolitical combat through economic means. Policies governing everything from trade and investment to energy and exchange rates are wielded as tools to win diplomatic allies, punish adversaries, and coerce those in between. Not so in the United States, however. America still too often reaches for the gun over the purse to advance its interests abroad. The result is a playing field sharply tilting against the United States. “Geoeconomics, the use of economic instruments to advance foreign policy goals, has long been a staple of great-power politics. In this impressive policy manifesto, Blackwill and Harris argue that in recent decades, the United States has tended to neglect this form of statecraft, while China, Russia, and other illiberal states have increasingly employed it to Washington’s disadvantage.” —G. John Ikenberry, Foreign Affairs “A readable and lucid primer...The book defines the extensive topic and opens readers’ eyes to its prevalence throughout history...[Presidential] candidates who care more about protecting American interests would be wise to heed the advice of War by Other Means and take our geoeconomic toolkit more seriously. —Jordan Schneider, Weekly Standard |
| economic issues during the civil war: Syria’s Conflict Economy Jeanne Gobat, Ms.Kristina Kostial, 2016-09-07 Five years into the ongoing and tragic conflict, the paper analyzes how Syria’s economy and its people have been affected and outlines the challenges in rebuilding the economy. With extreme limitations on information, the findings of the paper are subject to an extraordinary degree of uncertainty. The key messages are: (1) that the devastating civil war has set the country back decades in terms of economic, social and human development. Syria’s GDP today is less than half of what it was before the war started and it could take two decades or more for Syria to return to its pre-conflict GDP levels; and that (2) while reconstructing damaged physical infrastructure will be a monumental task, rebuilding Syria’s human and social capital will be an even greater and lasting challenge. |
| economic issues during the civil war: U.S. History P. Scott Corbett, Volker Janssen, John M. Lund, Todd Pfannestiel, Sylvie Waskiewicz, Paul Vickery, 2024-09-10 U.S. History is designed to meet the scope and sequence requirements of most introductory courses. The text provides a balanced approach to U.S. history, considering the people, events, and ideas that have shaped the United States from both the top down (politics, economics, diplomacy) and bottom up (eyewitness accounts, lived experience). U.S. History covers key forces that form the American experience, with particular attention to issues of race, class, and gender. |
| economic issues during the civil war: The Confederate States of America Roger L. Ransom, 2005 What if Lee had avoided defeat at Gettysburg? In the right hands the ``what if'' question can give us unusual access to the fascinations of history. |
| economic issues during the civil war: The Political Economy of Slavery Eugene D. Genovese, 1989 A stimulating analysis of the society and economy in the slave south. |
| economic issues during the civil war: Destructive Creation Mark R. Wilson, 2016-08-03 During World War II, the United States helped vanquish the Axis powers by converting its enormous economic capacities into military might. Producing nearly two-thirds of all the munitions used by Allied forces, American industry became what President Franklin D. Roosevelt called the arsenal of democracy. Crucial in this effort were business leaders. Some of these captains of industry went to Washington to coordinate the mobilization, while others led their companies to churn out weapons. In this way, the private sector won the war—or so the story goes. Based on new research in business and military archives, Destructive Creation shows that the enormous mobilization effort relied not only on the capacities of private companies but also on massive public investment and robust government regulation. This public-private partnership involved plenty of government-business cooperation, but it also generated antagonism in the American business community that had lasting repercussions for American politics. Many business leaders, still engaged in political battles against the New Deal, regarded the wartime government as an overreaching regulator and a threatening rival. In response, they mounted an aggressive campaign that touted the achievements of for-profit firms while dismissing the value of public-sector contributions. This probusiness story about mobilization was a political success, not just during the war, but afterward, as it shaped reconversion policy and the transformation of the American military-industrial complex. Offering a groundbreaking account of the inner workings of the arsenal of democracy, Destructive Creation also suggests how the struggle to define its heroes and villains has continued to shape economic and political development to the present day. |
| economic issues during the civil war: The Fourth Industrial Revolution Klaus Schwab, 2017-01-03 World-renowned economist Klaus Schwab, Founder and Executive Chairman of the World Economic Forum, explains that we have an opportunity to shape the fourth industrial revolution, which will fundamentally alter how we live and work. Schwab argues that this revolution is different in scale, scope and complexity from any that have come before. Characterized by a range of new technologies that are fusing the physical, digital and biological worlds, the developments are affecting all disciplines, economies, industries and governments, and even challenging ideas about what it means to be human. Artificial intelligence is already all around us, from supercomputers, drones and virtual assistants to 3D printing, DNA sequencing, smart thermostats, wearable sensors and microchips smaller than a grain of sand. But this is just the beginning: nanomaterials 200 times stronger than steel and a million times thinner than a strand of hair and the first transplant of a 3D printed liver are already in development. Imagine “smart factories” in which global systems of manufacturing are coordinated virtually, or implantable mobile phones made of biosynthetic materials. The fourth industrial revolution, says Schwab, is more significant, and its ramifications more profound, than in any prior period of human history. He outlines the key technologies driving this revolution and discusses the major impacts expected on government, business, civil society and individuals. Schwab also offers bold ideas on how to harness these changes and shape a better future—one in which technology empowers people rather than replaces them; progress serves society rather than disrupts it; and in which innovators respect moral and ethical boundaries rather than cross them. We all have the opportunity to contribute to developing new frameworks that advance progress. |
| economic issues during the civil war: The Lost Tradition of Economic Equality in America, 1600–1870 Daniel R. Mandell, 2020-04-07 An important examination of the foundational American ideal of economic equality—and how we lost it. Winner of the Missouri Conference on History Book Award for 2021 The United States has some of the highest levels of both wealth and income inequality in the world. Although modern-day Americans are increasingly concerned about this growing inequality, many nonetheless believe that the country was founded on a person's right to acquire and control property. But in The Lost Tradition of Economic Equality in America, 1600–1870, Daniel R. Mandell argues that, in fact, the United States was originally deeply influenced by the belief that maintaining a rough or relative equality of wealth is essential to the cultivation of a successful republican government. Mandell explores the origins and evolution of this ideal. He shows how, during the Revolutionary War, concerns about economic equality helped drive wage and price controls, while after its end Americans sought ways to maintain their beloved rough equality against the danger of individuals amassing excessive wealth. He also examines how, after 1800, this tradition was increasingly marginalized by the growth of the liberal ideal of individual property ownership without limits. This politically evenhanded book takes a sweeping, detailed view of economic, social, and cultural developments up to the time of Reconstruction, when Congress refused to redistribute plantation lands to the former slaves who had worked it, insisting instead that they required only civil and political rights. Informing current discussions about the growing gap between rich and poor in the United States, The Lost Tradition of Economic Equality in America is surprising and enlightening. |
| economic issues during the civil war: The Triumph of American Capitalism Louis Morton Hacker, 1940 Authorities cited in the text: pages 439-445. |
| economic issues during the civil war: Rebel Economies Nicola Di Cosmo, Didier Fassin, Clémence Pinaud, 2021-05-18 As a pervasive occurrence in the contemporary world, wars and their economic sources are defining social and political processes in a variety of national and transnational contexts. Rebel Economies: Warlords, Insurgents, Humanitarians explores historical, anthropological and political dimensions of war economies by non-state actors across different periods and regions, while presenting their multiple manifestations as a unified, congruent phenomenon. Through a variety of conceptual and disciplinary approaches, the authors investigate, in the past and present and across three continents, the nexuses between economy, war, social transformation and state-building, revealing in the process differences and similarities that would otherwise remain hidden. Through this broad-gauge approach, the book aims, first, to rethink much of the debate around “non-state war economies,” and, secondly, to expand the conversation by consciously treating this theme as a conspicuous and distinct aspect of both economy and war. This is not just a different approach but a fundamental departure from the ways in which current discussions over the economy of wars, civil conflicts, and revolutions, have informed research orientations over several decades. |
| economic issues during the civil war: Yankee Leviathan Richard Franklin Bensel, 1990 Contending that intense competition for national political economy control produced secession, this study describes the impact of the American Civil War upon the late nineteenth century development of central state authority. |
| economic issues during the civil war: The Oxford Handbook of the Economics of Peace and Conflict Michelle R. Garfinkel, Stergios Skaperdas, 2012-04-20 This Handbook brings together contributions from leading scholars who take an economic perspective to study peace and conflict. Some chapters are largely empirical, exploring the correlates and quantifying the costs of conflict. Others are more theoretical, examining the mechanisms that lead to war or are more conducive to peace. |
| economic issues during the civil war: Panic of 1819: Reactions and Policies, The Murray Newton Rothbard, 2007 |
| economic issues during the civil war: Age of Betrayal Jack Beatty, 2008-04-08 Age of Betrayal is a brilliant reconsideration of America's first Gilded Age, when war-born dreams of freedom and democracy died of their impossibility. Focusing on the alliance between government and railroads forged by bribes and campaign contributions, Jack Beatty details the corruption of American political culture that, in the words of Rutherford B. Hayes, transformed “a government of the people, by the people, and for the people” into “a government by the corporations, of the corporations, and for the corporations.” A passionate, gripping, scandalous and sorrowing history of the triumph of wealth over commonwealth. |
| economic issues during the civil war: Slavery and American Economic Development Gavin Wright, 2013-02-18 Through an analysis of slavery as an economic institution, Gavin Wright presents an innovative look at the economic divergence between North and South in the antebellum era. He draws a distinction between slavery as a form of work organization—the aspect that has dominated historical debates—and slavery as a set of property rights. Slave-based commerce remained central to the eighteenth-century rise of the Atlantic economy, not because slave plantations were superior as a method of organizing production, but because slaves could be put to work on sugar plantations that could not have attracted free labor on economically viable terms. |
| economic issues during the civil war: Old South, New South Gavin Wright, 1997-01-01 In this provocative and intricate analysis of the postbellum southern economy, Gavin Wright finds in the South’s peculiar labor market the answer to the perennial question of why the region remained backward for so long. After the Civil War, Wright explains, the South continued to be a low-wage regional market embedded in a high-wage national economy. He vividly details the origins, workings, and ultimate demise of that distinct system. The post-World War II southern economy, which created today’s Sunbelt, Wright shows, is not the result of the evolution of the old system, but the product of a revolution brought on by the New Deal and World War II that shattered the South’s stagnant structure and created a genuinely new, thriving order. |
| economic issues during the civil war: The Long Twentieth Century Giovanni Arrighi, 1994 Winner of the American Sociological Association PEWS Award (1995) for Distinguished Scholarship The Long Twentieth Century traces the epochal shifts in the relationship between capital accumulation and state formation over a 700-year period. Giovanni Arrighi masterfully synthesizes social theory, comparative history and historical narrative in this account of the structures and agencies which have shaped the course of world history over the millennium. Borrowing from Braudel, Arrighi argues that the history of capitalism has unfolded as a succession of long centuries—ages during which a hegemonic power deploying a novel combination of economic and political networks secured control over an expanding world-economic space. The modest beginnings, rise and violent unravel-ing of the links forged between capital, state power, and geopolitics by hegemonic classes and states are explored with dramatic intensity. From this perspective, Arrighi explains the changing fortunes of Florentine, Venetian, Genoese, Dutch, English, and finally American capitalism. The book concludes with an examination of the forces which have shaped and are now poised to undermine America's world power. |
| economic issues during the civil war: On the Duration of Civil War Paul Collier, Anke Hoeffler, Mn?s Söderbom, 2001 The duration of large-scale violent civil conflict increases substantially if the society is composed of a few large ethnic groups, if there is extensive forest cover, and if the conflict has commenced since 1980. None of these factors affect the initiation of conflict. And neither the duration nor the initiation of conflict is affected by initial inequality or political repression. |
| economic issues during the civil war: The Illustrated Battle Cry of Freedom James M. McPherson, 2003-12-11 Filled with fresh interpretations and information, puncturing old myths and challenging new ones, Battle Cry of Freedom will unquestionably become the standard one-volume history of the Civil War. James McPherson's fast-paced narrative fully integrates the political, social, and military events that crowded the two decades from the outbreak of one war in Mexico to the ending of another at Appomattox. Packed with drama and analytical insight, the book vividly recounts the momentous episodes that preceded the Civil War--the Dred Scott decision, the Lincoln-Douglas debates, John Brown's raid on Harper's Ferry--and then moves into a masterful chronicle of the war itself--the battles, the strategic maneuvering on both sides, the politics, and the personalities. Particularly notable are McPherson's new views on such matters as the slavery expansion issue in the 1850s, the origins of the Republican Party, the causes of secession, internal dissent and anti-war opposition in the North and the South, and the reasons for the Union's victory. The book's title refers to the sentiments that informed both the Northern and Southern views of the conflict: the South seceded in the name of that freedom of self-determination and self-government for which their fathers had fought in 1776, while the North stood fast in defense of the Union founded by those fathers as the bulwark of American liberty. Eventually, the North had to grapple with the underlying cause of the war--slavery--and adopt a policy of emancipation as a second war aim. This new birth of freedom, as Lincoln called it, constitutes the proudest legacy of America's bloodiest conflict. This authoritative volume makes sense of that vast and confusing second American Revolution we call the Civil War, a war that transformed a nation and expanded our heritage of liberty. |
| economic issues during the civil war: The Economic Impact of Conflicts and the Refugee Crisis in the Middle East and North Africa Mr.Bjoern Rother, Ms.Gaelle Pierre, Davide Lombardo, Risto Herrala, Ms.Priscilla Toffano, Mr.Erik Roos, Mr.Allan G Auclair, Ms.Karina Manasseh, 2016-09-16 In recent decades, the Middle East and North Africa region (MENA) has experienced more frequent and severe conflicts than in any other region of the world, exacting a devastating human toll. The region now faces unprecedented challenges, including the emergence of violent non-state actors, significant destruction, and a refugee crisis bigger than any since World War II. This paper raises awareness of the economic costs of conflicts on the countries directly involved and on their neighbors. It argues that appropriate macroeconomic policies can help mitigate the impact of conflicts in the short term, and that fostering higher and more inclusive growth can help address some of the root causes of conflicts over the long term. The paper also highlights the crucial role of external partners, including the IMF, in helping MENA countries tackle these challenges. |
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