Post-War+Economics

// Post-War Economics // The American Civil War fought from 1861 to 1865 had extreme effects on America.One of the biggest effects to harm citizens was the economy's state when the war ended. After the American civil war the economy hit very low and caused lots of financial problems for americans.The North had an advantage being that war had been fought mostly on southern territory, this meant that the North would not have to be bothered by the rebuilding as the South did, because of that the south would need to spend money to rebuild.The North came up with methods to earn them money, even through the North hailed financial over the south, the war cost them money.The north began the development of selling bonds. Another tactic the north used that effected the economy was taxation,this taxed income and had effective protection tariffs.Also taxes were in affect to make a profit on goods.

Events such as the Union's victory had a role in the south's large economic decline,with the south rebuilding and paying taxes there was no wonder why the economy hit bottom.The North had most of the control of the government making most of the laws in favor of them making money.Infrastructure was important,the north had a better one, that caused the north to have better access to weapon shippings.Another event along with the civil war we learned about was the Freedmens Bureau.The Freedmen's Bereau didn't help the south, the south depended much on slaves services and with them free and protected under law it was difficult for the south to sell cotton and farming goods.

The economy's shape after the civil war took America in a new direction because of it's formation of new ways to make money,as displayed by the north.The income taxes that hit the south would be a normal part of our economy today. The economy falling showed the struggle between the north and south.Each side wanted to be right,the economy's state after the war would show how both sided spend money in order to gain control. This also shows America the consequences of war,that the economy can fall from over spending and bad financial decison making.

The economic state after the Civil War should be viewed in whole for two reasons.One,nothing should have a large impact on people after a conflict.After the War it seemed that americans had nothing to worry about.The costs of the war in a way seemed to cause another war,the war to fix a broken economy.That plays a big role in history overall because cause and effect,we caused a civil war and it was costly and the north and south tried to counter each others normal ways of making money and politics effecting the economy deeply.

The economy's state after the war played a role as a reminder in history. This reminds America of what can happen if money isn't sort out right,also that it can happen again.We are currently dealing with a similar situation in our economy.Methods similar to taxation,selling bonds,etc can be used to tackle this problem.Lastly the economy falling after the war could have been pervented,luckly in the future we are able to see what caused the economy's decline back then and can avoid such hardship.

Social issues,1865." __Post-civil war conditions__. Summer 2009 . __HistoryCentral.com__. Summer 2009 .[|Edit][|Delete]