The American Civil War. Episode 19, Sinews of War—Finance and Supply

Summary

War spending went on at an unprecedented scale. Both sides sold bonds, levied taxes, and printed paper money. Despite its weak economy, the Confederacy never lost a battle because its armies ran ou...

War spending went on at an unprecedented scale. Both sides sold bonds, levied taxes, and printed paper money. Despite its weak economy, the Confederacy never lost a battle because its armies ran out of ordnance.

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