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The cost and significance of the Civil War. How the United States changed after the Civil War. Learn more about the aftereffects of the American Civil War. See all videos for this article.
25 de mar. de 2015 · historylearningsite.co.uk. The History Learning Site, 25 Mar 2015. 27 May 2024. By the standards of the era, the cost of the American Civil War was huge. The Federal government faced a problem that no other US government had faced – how to finance the cost of a major war. Many on both sides believed that the war would be short.
The Economic Cost of the American Civil War: Estimates and Implications | The Journal of Economic History | Cambridge Core. Home. > Journals. > The Journal of Economic History. > Volume 35 Issue 2. > The Economic Cost of the American Civil War: Estimates... English. Français. The Economic Cost of the American Civil War: Estimates and Implications.
In a civil war, what is a “cost” to one side may sometimes be regarded as a “gain” to the other. An obvious example of was the emancipation of 4.5 million slaves. Goldin and Lewis estimate that freeing the slaves resulted in an economic loss of almost 2 billion dollars to southern planters.
These cost estimates are of two types, direct and indirect. The direct measure is computed by adding up the actual war expenditures of both sides. We discuss the limitations of this procedure and intro- duce an indirect estimate which avoids most of the shortcomings of the previous method.
Source: Goldin and Lewis, "The Economic Cost of the American Civil War," 304, 308. To arrive at their figures, Goldin and Lewis systematically broke down the costs incurred during the war, then prepared two distinct sets of estimates based
Economic historians attribute the remainder of the cost of the war to inflation. According to Matthew Gallman, In terms of total war spending, the federal government of the United States spent $1.8 billion and the U.S. states spent $0.5 billion.
