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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 ]
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 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 ...
The economic impacts of Jim Crow are also intertwined with changes in the overall economy of the United States, from the Civil War through the 20th century. There is a temporal rhythm to the economic impacts of Jim Crow; from the Reconstruction onward, social trends preceded policy changes that, in turn, preceded economic changes.
The American Civil War ended in April 1865, and the country entered a lengthy period of general deflation that lasted until 1896. The United States occasionally experienced periods of recession during the Reconstruction Era. Production increased in the years following the Civil War, but the country still had financial difficulties. [19]
However, the number of payroll jobs returned to its pre-recession (November 2007) level by May 2014 as the economy recovered. [186] After being higher in the post-war period, the U.S. unemployment rate fell below the rising eurozone unemployment rate in the mid-1980s and has remained significantly lower almost continuously since.
The movement reorganized after the Civil War, gaining experienced campaigners, many of whom had worked for prohibition in the Women's Christian Temperance Union. By the end of the 19th century a few western states had granted women full voting rights, [ 76 ] though women had made significant legal victories, gaining rights in areas such as ...
George Trenholm, who was Confederate States Secretary of the Treasury for the last year of the Civil War, was arrested after the war and accused of making off with millions in Confederate assets. [7] Trenholm had accompanied Davis on part of his flight but dropped out prematurely due to ill health, which was taken as circumstantial evidence by ...