Circa1865

“In 1793, the Jacobins, surfing the wave of Parisian mob violence, intimidated their less resolute colleagues into eliminating both the principle of monarchy and the existence of its politically superfluous incarnation, Louis XVI. Not content with killing a living king, and pronouncing a death sentence in absentia on all princes of the blood who had escaped with their lives, the revolutionaries were determined to rewrite the past by abolishing the enduring symbols of the French nation. Walter Scott, in his Life of Napoleon Bonaparte observes:

“The name of king being pronounced detestable, all the remembrances of royalty were to be destroyed . . . the royal sepulchers . . . were not only defaced on the outside, but utterly broken down, the bodies exposed, the bones dispersed . . .”

Notre Dame’s “gallery of Judean kings” [was] destroyed (the mob supposedly mistook the 28 statues for portraits of French kings).

The revolutionaries wanted to make the past, even more than the future, a tabula rasa on which they can scrawl their puerile obscenities. Even the calendar had to be reinvented. The Jacobins . . . took only a few months before adopting a system that was as “rational” (i.e., inhuman) as it was stupid . . . All over Paris and throughout France, the churches’ precious art treasures were vandalized, and gold and silver communion vessels were stolen and used in mock ceremonies that travestied the Mass.

We must always remind ourselves that the entirely sordid activities of the French Republicans were the fulfillment of the Enlightenment project, whose objects were freedom of thought (that is, the freedom to be a servile follower of the Encyclopedists), social and political equality (the destruction of all authority), and a society based solely upon reason (the destruction of Christian civilization).

And what of Americans, so eager to escape the shackles of their history that they, too, have rewritten both calendar and curriculum?

America, where Martin Luther King, Jr. and his civil-rights “revolution” takes precedent in the calendar over Washington, Adams, Jefferson, and even Lincoln; where Christian symbols are removed from schools and public squares and “Happy Holidays” has replaced “Merry Christmas”. . . where some State legislatures have removed the fine old flag under which brave Americans from the South fought in what they and many non-Southern Americans regarded as the noble cause of constitutional liberty . . .”

What can be said of this America, if not that, over the course of 150 years, we have gradually achieved the revolution which Rousseau imagined and for which Jacobins and Marxists fought and slaughtered?

The way back – if there is to be a way back – will not begin with a counter-revolution that will commemorate its own set of uprisings, heroes, and martyrs but with a quiet determination to restore the Christian calendar in our own lives; to display Christian symbols in our homes, shops and offices; and to teach our children and friends the stories and traditions that the Jacobins have done their best to destroy.”

(Living the Jacobin Dream, Thomas Fleming, Chronicles, March 2003, excerpts pp. 10-11 – www.chroniclesmagazine.org)

The 1861-1865 war was essentially one of the defense of traditional, decentralized American communities, as established after the Revolution, against a centralizing liberalism which sought to establish hegemony in Washington. The latter was victorious.

Morality and Community

“Morality, as traditionally conceived, supposes, first of all, a metaphysical vision of the nature of man and the sort of life that is good for man. Virtues are cultivated dispositions of character that enable the soul to live out the life that is good for man. A virtuous soul, with much training over a long period of time, may come to love those things that are truly good as opposed to those that merely appear as such.

Second, morality presupposes community. A man cannot know what good is independent of a concrete way of life, lived in community with others, in which the good is exemplified. A man becomes good through emulation and by apprenticing himself to a master craftsman in the art of human excellence.

The marks of a genuine community are the temple, the graveyard, and the wedding celebration. The favorable connotations that attach to this essential structure of human life are inappropriately applied to associations that are not communities at all – for instance, the “business community,” the “entertainment community,” “gated communities,” or the “homosexual community.” IBM does not have a burial ground; homosexuals do not marry and beget children; and “gated communities” are often places where affluent strangers move to escape the aftermath of social disintegration. These associations have value, but they are not communities.

This is how Greeks, Romans, Hebrews, Christians and Muslims traditionally understood morality. These traditions had different understandings of what the human good is, what the virtues are, and how they should be ranked, but they never questioned the metaphysical postulate that there is such a thing as the human good and that morality is the adventure of critically exploring it on a concrete form of life.

Liberalism rejects this fundamental assumption, arguing that a metaphysical vision of the human good is not something human beings can agree on. Since compromise over questions of the ultimate good is not possible, liberals argue that constant and implacable conflict is inevitable.

Liberalism gradually began to shape American public policy after the Civil War and kicked into high gear after World War II. The Bill of Rights, designed to protect the States – distinct political societies capable of pursuing radically different forms of social life – from the central government, was turned upside down to protect the autonomy of the individual from the States.

The regulation of morals, law enforcement, and religion, which gave legal protection to distinct ways of life, was transferred by judicial social engineers to the central government. The education of children, which had been the province of local schools financed by real estate taxes, was now regulated by the federal courts.

By the 1980s, the earlier philosophical rejection of the Western conception of morality was cashed out in the colleges of many of the institutions necessary to sustain it. The United States was becoming a spiritual desert, and the signs of moral decay were ubiquitous: a spectacular increase in crime, divorce, falling educational standards, promiscuous abortion, illegitimacy, anomie, and a society with little desire to reproduce itself. If we wish to make the world safe for substantial moral communities, we must consider serious political alternatives to the master creation of liberalism, namely, the large-scale centralized state.”

If we wish to make the world safe for substantial moral communities, we must consider serious political alternatives to the master creation of liberalism, namely, the large-scale centralized state.”

(Communitarians, Liberals, and Other Enemies of Community and Liberty: Scaling Back the Enlightenment, Donald W. Livingston, Chronicles, July 2002, excerpts pp. 23-25)

Lincoln, in his war of 1861-1865, was victorious where King George III had failed in his attempt to prevent the political independence of the thirteen American colonies. It was not just the South that was subjugated by 1865, but the North as well with most State governments securely under Radical Republican control. No longer was the consent of the governed in the national conscience – the threat of invasion, violence and conquest of recalcitrant States replaced it.

The War to Resist Centralization

“If centralism is ultimately to prevail, if our entire system of free institutions as established by our common ancestors is to be subverted, and an Empire to be established in their stead; if that is to be the last scene of the tragic drama now being enacted: then, be assured, that we of the South will be acquitted, not only in our own consciences, but in the judgment of mankind of all responsibility for so terrible a catastrophe, and from all guilt of so great a crime against humanity.” Alexander H. Stephens

If the Civil War had merely been a power struggle between the Northern and Southern States, with the winning of the war leaving the Northern States with political power over the Southern States, the likely long-term effects would have inflicted much less damage to all the States.

No, this was a war between the Southern States and the federal government in Washington. It was a war to resist the centralization of economic, cultural, political, and military power. It was a war to uphold the most revolutionary principle ever asserted by man. That principle, the “consent of the governed,” was the basis upon which the Thirteen Colonies seceded from England.

As expressed by Jefferson [in the Declaration of Independence] and unanimously adopted by the Founding Fathers, the sole purpose of government is to secure the right of its citizens – nothing more, nothing less, nothing else. The concept of consent of the governed is the ultimate revolution, which throws off the shackles of tyranny from whichever direction it comes on the political spectrum.

The Lincoln scholars attribute the freeing of the slaves and the preserving of the Union to the federal government’s winning of the war, as if no other course of events could possibly have accomplished the same result. Their belief system about history is quite nearly predestination . . . [that] war was the only way slavery could have ended. Finally, since the war was inevitable [between North and South], the federal government is absolved from all violence, carnage and crimes against the States, the Constitution and civilians.

The idea that the Civil War was fought to “preserve” the Union is one of the most ridiculous ideas foisted on history. The only thing preserved was the federal government’s authority over the Southern [and Northern] States. Lincoln certainly fought to keep the Southern States under Union control as conquered provinces, not States.”

(Lincoln Uber Alles: Dictatorship Comes to America, John Avery Emison, Pelican Publishing Company, 2009, excerpts pp. 255-257; 259)

Lincoln’s reelection was won by those around him, and with Assistant Secretary of War Charles A. Dana testifying that “the whole power of the War Department was used to secure Lincoln’s reelection in 1864.” After 1862, it was common for Federal troops to patrol polling places, inspect the ballots of voters, arrest Democratic candidates for office on treason charges, seized groups of opposition voters just before elections, as well as furlough soldiers at election time to encourage Republican victory. At election time, Republican newspaper headlines trumpeted that “tens of thousands of national soldiers . . . were deliberately shot to death, as at Fort Pillow, or frozen to death at Belle Isle, or starved to death at Andersonville, or sickened to death by swamp malaria in South Carolina.” All did service for Lincoln’s reelection.

Historian William Hesseltine wrote: “Although the election of 1864 gave no decision on the methods of reconstruction, it proved again Lincoln’s power to control elections. The system of arbitrary arrests, military control of the polling places, and soldier voting, first applied to the Border States and then extended into the North, had saved the Republican party in 1862 and 1863. The election of 1864 saw a new extension of the system and demonstrated its continuing value in winning elections.” (Lincoln’s Plan of Reconstruction, pg. 124)

Grant Impressed with Free Institutions

“Lincoln’s friends saw danger in every quarter. No doubt a large minority of the North was tired of war; no doubt many who had a sentimental regard for the Union thought that the emancipation of the slaves had been wrongly given prominence. Every discontented officer – every disgruntled politician – every merchant whose business was bad – every civilian who dreaded the draft – the ambitious leader like [Salmon P.] Chase – the party boss – the army of unappeased office-seekers – the jealous – the vindictive – all these, and everyone else with a greed or grievance, would unite to defeat Lincoln. Thus at least, it appeared to his foreboding lieutenants.

Even [Lincoln secretary John] Hay, who was no alarmist, felt little confidence. “There is a diseased restlessness about men in these times,” he wrote [John G.] Nicolay on August 25, 1864, “that unfits them for steady support of an administration. It seems as if there were appearing in the Republican Party the elements of disorganization that destroyed the Whigs. If the dumb cattle of the North are not worthy of another term of Lincoln, then let the will of God be done, and the murrain of McClellan fall on them.”

The October returns went far to relieve anxiety. The President, with Hay, heard the returns at the War Department. Early news from Indiana and Ohio was cheering, but that from Pennsylvania was “streaked with lean” . . . [though] The Ohio troops voted about ten to one for the Union . . .

At the Cabinet meeting on the 11th . . . “[he reminded the officers that it seemed last August] entirely probable that this Administration will not be reelected. Then it will be my duty to so co-operate with the President-elect as to save the Union between the election and the inauguration; as he will have secured his election on such ground that he cannot possibly save it afterwards.”

Lincoln went on to say . . . that he had resolved, if McClellan were elected, to talk matters over with him.” On November 12, 1864, Hay, with a large party, went down to Grant’s headquarters at City Point. Grant was “deeply impressed with the vast importance and significance of the late [November 8th] Presidential election.” The orderliness of it “proves our worthiness of free institutions, and our capability of preserving them without running into anarchy and despotism.”

(Life and Letters of John Hay, Volume I, William Roscoe Thayer, 1908, Houghton Mifflin Company, excerpts pp. 212-214; 216-218)

Fielding their very first presidential candidate in 1856, the new Republican party was responsible for breaking up the 1789 federation of States only four years later – it was indeed the party of disunion. With conservative Southerners gone from Congress in 1861, the Republicans began dismantling the Founders’ republic and ushered in America’s “Gilded Age” and pursuit of empire. This new America would be “despotic at home and aggressive abroad” as Robert E. Lee famously remarked to Lord Acton shortly after the war ended.

A Party of Disunion and Thievery

“In the Plundering Generation, Ludwell H. Johnson summarized the real reasons for Lincoln’s violent opposition to the South’s independence: “Manufacturers feared the loss of American markets to a flood of cheap British goods pouring through a free-trade Confederacy; Northern shippers feared the loss of their monopoly of the coasting trade and their share of the transatlantic carrying trade; merchants feared the loss of the profits they garnered as middlemen between the South and Europe; creditors feared the loss of Southern debts; the Old Northwest feared the loss or curtailment of the Mississippi trade; the Republicans feared the disintegration of their party should it let the South go and bring upon the North all the consequences just mentioned.”

Lincoln waged war on the South, however, to achieve more than preservation of the status quo. War was the means to establish the North’s hegemony over the political and economic life of the United States. War offered Lincoln, his party, and Northern special interests a continental empire to exploit. And they did so with ruthless abandon. In the North, Lincoln’s Congress imposed excise taxes on virtually all items; raised the protective tariff to the highest level in the country’s history (under the Morrill Act of 1861); issued paper currency (Legal Tender Act of 1862); awarded Northern railroad companies government loans and extensive land grants (Pacific Railway Act of 1862); unilaterally repealed Indian land claims; promoted settlement of western lands by Northerners (Homestead Act of 1862); effectively “nationalized” the country’s financial institutions (National Banking Acts of 1863 and 1864); and furnished Northern business with cheap labor (Contract Labor Law of 1864).

In the South, Congress authorized the theft of tens, if not hundreds of millions of dollars, worth of Southern property (Confiscation Acts of 1861 and 1862, Direct Tax Act of 1862, and Captured and Abandoned Property Act of 1863). The cotton, alone, that the North stole has been conservatively valued at $100 million.

This legalized robbery was in addition to the plundering by Lincoln’s Army. In December 1864, Sherman wrote: “I estimate the damage done to the State of Georgia . . . at $100,000,000; at least $20,000,000 which has inured to our advantage, and the remainder is simple waste and destruction.”

With Lincoln came the wholesale corruption of the political system. In 1864, Edward Bates, Lincoln’s attorney general, lamented that “the demoralizing effect of this civil war is plainly visible in every department of life. The abuse of official powers and thirst for dishonest gain are now so common as they cease to shock.”

(Lincoln and the Death of the Old Republic, Joseph E. Fallon, Chronicles, August 2002, excerpts pp. 44-45; www.chroniclesmagazine.org)

“Is it not strange that the descendants of those Pilgrims fathers who crossed the Atlantic to preserve their own freedom, have always proved themselves intolerant of the spiritual liberty of others?”

Robert E. Lee, to Mary Custis Lee, Christmas, 1856

The waves of European immigration into the United States, 1830-1860, added a different strain to the original English, Scot and Irish population, especially in the North and emerging West. The South maintained its ethnic heritage from Revolutionary times and its deep understanding of the Founders America. The North quickly became a far different country by 1850, with a new electorate easily misled by Northern demagogues. To attain national power and dominance, the demagogues destroyed the South’s political power in the country through a destructive war, instilled hatred between Southerners and their former laborers, and finally molded the new black electorate into dependable Republicans.

Immigration and the Demise of America

“The founding fathers were rare men and wise, men who had “come to themselves,” men who measured their words. They knew history; they knew law and government; they knew the ancient classics; they knew the ancient failures; they knew the Bible. But theirs was a wisdom which, as always, can be misunderstood by lesser mortals.

It can be misinterpreted; it can be misapplied through ignorance; it can be misused and perverted through ambition, interest, even plain human cussedness. Liberty was never to be license.

But as growth occurred, the influx of millions of immigrants from the Old World, from different backgrounds, settled north and west in established communities and crowded the cities. They knew little of a constitution, and cared less. This was the land of liberty; men were “free and equal”; the majority ruled – the “American” way, their Carl Schurz-like leaders told them while ordering their votes, urging war upon the South, and anathematizing slavery. They knew nothing of the South’s acute problems.

This was the beginning of a false premise, wholly without foundation in the Constitution, of “an aggregate people,” of unrestricted democracy, of the absolute right of a popular majority – even a “simple” majority – whenever it exists and however ascertained, to rule without check or restraint, independent of constitutional limitations or of State interposition.

This absurd proposition that the will of a mere majority for the time being becomes vox Dei was held by numerous leaders of the North and the West, not the least among them Abraham Lincoln. The Southerners opposed, opposed strenuously, and fought it to the end.

[John C.] Calhoun attempted ameliorations by such proposals as vetoes, nullifications, interposition, and “concurrent” majorities, all of which at one time or another were rejected, leaving the South, as he said in 1850, helpless to retain equality in the Union and relegated to a position hardly different from that which the Revolutionary fathers rejected in 1776.

In answer to these efforts to obtain justice, Northern leaders undertook an attack on the domestic institutions of the South. “At first harmless and scattered movements” of small, so-called humanitarian groups in the North were seized upon by those who saw political possibilities in them, and the agitations spread from isolated spots to the halls of Congress.

Abolitionists began to attack the South at every opportunity and demanded an end to the labor arrangements of the region and the emancipation of the African Negro “slaves” who worked mostly upon the great plantations.

Abolitionist fathers and grandfathers had brought those poor black creatures – often savages, sometimes cannibals – from the Guinea coasts of West Africa and had sold them to the planters, much of whose capital was invested in them. We still teach . . . falsehoods to children by slanted history textbooks that parrot the clichés, though it is surely time to make some changes and tell the truth.”

(The Constitutions of Abraham Lincoln & Jefferson Davis: A Historical and Biographical Study in Contrasts, Russell Hoover Quynn, Exposition Press, 1959, excerpts pp. 55-56)

By the time of the July-August 1861 special session of Congress, Lincoln had already raised an army, as well as money, without congressional approval – and defied the Chief Justice of the Supreme Court. After the disasters of First Manassas and Ball’s Bluff, the Republican Radicals, or, “Jacobins” of Lincoln’s party, began their ruthless investigations into generals who were deemed lacking in sufficient zeal in destroying Southern resistance.

This was the Republican Committee on the Conduct of the War, whose targets were not permitted to know the charges against them, so-called evidence was kept secret, and prejudgment of the unfortunate general was common. Usually the officer under investigation was held in confinement without charges; “the defamation of character, however, could not be outdone; petty persecution continued to plague him; and at last, finding his usefulness to the army destroyed, he resigned” (Civil War and Reconstruction, Randall, pg. 370).

The Radical Cause Uber Alles

“In Washington [in January 1862], [Gen. William S.] Rosecrans was summoned to appear before the Committee on the Conduct of the War. This joint committee of the Congress, called by T. Harry Williams the “unnatural child of lustful radicalism and a confused conservatism,” grew out of Northern differences regarding war aims.

Conservatives, Lincoln the foremost, declared themselves for restoration of the Union, even with slavery. The Radicals considered Lincoln’s war policy mild; they shuddered to think that Democratic generals might convert battlefield victories into election victories; and they seized upon the minor disaster at Ball’s Bluff to set up machinery to investigate the whole conduct of the war.

[Major] John C. Fremont, the “Pathfinder” and Republican presidential candidate in 1856 . . . [in the West] had won no victories, but had declared martial law, confiscated property, disregarded Washington, become involved in procurement scandals, allowed his accounts to become muddled, declared emancipated the slaves of Missourians convicted of bearing arms against the United States, and finally had been removed [by Lincoln].

The Radicals proclaimed him a martyr, and determined to restore him to command. Lincoln yielded to their pressures.

Behind Lincoln’s hesitancy [of directing McClellan’s movements in Virginia] lay complex pressures, obscure and sometimes contradictory forces. T. Harry Williams comments: “Plots and counterplots boiled beneath the troubled surface. [Secretary of War Edwin] Stanton hatched innumerable schemes to destroy his enemies. McClellan twisted and turned as the Radicals struck. And behind all was the implacable Committee. It seems possible that a meeting between Stanton and the Committee on the Conduct of the War was worked out to cause McClellan to fail in his campaign.

The Radicals apparently wanted a quick victory, but not at the expense of abolition; a great victory, but not one that would make Democrat McClellan a national hero and hurt them personally or the Radical cause.”

(The Edge of Glory: A Biography of General William S. Rosecrans, William M. Lamers, LSU Press, 1961, excerpts pp. 66-69)

“Nearly everyone believes the cheerful myth that nothing has changed since 1789.”

“As for the Electoral College, it is indeed an anachronism that serves no real purpose. It certainly doesn’t do what is was supposed to do: elect presidents who are, in Alexander Hamilton’s words, “pre-eminent for ability and virtue.” So wrote Hamilton, as “Publius,” in Federalist No. 68.

For what it’s worth, the Framers of the Constitution didn’t want the president elected by direct popular vote. Simple majority rule was alien and abhorrent to them, as the present two-party duopoly and the popular election of senators would have been; as Hamilton put it, direct election of presidents would produce “tumult and disorder.”

They prescribed that the people of each State should elect a body of presumably incorrupt and disinterested electors, men who possessed the requisite “information and discernment” to choose among candidates for the presidency. Those electors, in Hamilton’s words, should be “men most capable of analyzing the qualities adapted to the station [of the presidency]. They should not be officeholders, who might have “too great [a] devotion” to the incumbent president; their number would be a safeguard against corruption.” But if no winner emerged, the election would fall to the House of Representatives, where each State delegation would cast a single vote.

Subsequent generations, missing its inner spirit, have ruined it, like a vain fool daubing new streaks on an old masterpiece in the conviction he is improving it when it’s no longer even recognizable. Modern democracy has destroyed the essence of the thing; yet it flatters itself that it has preserved the Constitution, only because it has preserved its words while ignoring, or willfully forgetting, their import.

[The] original Senate no longer exists. The Seventeenth Amendment virtually abolished it by requiring the popular election of senators; before that, senators were chosen by State legislatures, because the Senate was supposed to represent the interests of State governments and to prevent usurpation of their powers. The House was to speak for the people, the Senate for the States.

When the Senate was converted to a popular body too, it lost its rationale and became as superfluous as the Electoral College now is, imperfectly duplicating functions better performed by the House: instead of representing the States equally, it represents the people unequally. The States, meanwhile, have been reduced to mere administrative subdivisions of a monolithic nation-state. They have lost the defining mark of a true State, which is sovereignty, and such powers that they retain are held not by right, but by the sufferance of the federal government.

But not one American in a hundred (and perhaps not one senator in a hundred) understands all this. Nearly everyone believes the cheerful myth that nothing has changed since 1789.

But everything has changed. No American should read the Constitution without a sense of loss. We would all be much freer if the US government played by its own rules. But there is no way to force it to do so as long as Americans remain ignorant of their own political heritage.”

(A Weird Election, Joseph Sobran, Sobran’s Real News of the Month, March 2001, Volume 8, Number 3, excerpts pp. 3-4)

In the four prewar years 1856-1860, total federal expenditures were a mere $274 million, and financed by tariffs (disproportionately paid by the South), and the sale of public lands. The direct costs of the Northern war effort 1861-1865 is estimated at $2.3 billion; when indirect costs such as outright destruction and soldier pensions are included the estimate rises to $8 billion. “[The] Union’s expenditures on the war were equivalent to more than 70% of the North’s share of the 1859 gross domestic product. Lincoln’s war economy enabled Philip Amour to make $2 million selling pork to the Northern army; Clement Studebaker amassed a fortune providing wagons to Northern forces, and Andrew Carnegie grew rich as an iron merchant.

Lincoln’s Broad Economic Revolution

“First . . . the [Northern] citizenry remained passionately resistant to any form of federal income tax. A second option was to turn to borrowing. The great advantage of this choice was that it would pass some of the cost of the war on to future generations (in the form of interest and debt). A final choice was to print money and declare it legal tender – a policy not without cost. The printing of currency not backed by specie would raise prices, thus financing the war through inflation.

As soon as the war began, President Lincoln ordered Treasury Secretary Salmon P. Chase to begin taking steps to fund the war. Chase faced an economy that had barely recovered from the Panic of 1857 before being thrown into recession by the secession crisis. Chase initially turned to increase import fees, excise taxes and the sale of government land, but he soon shifted his attention to the sale of [war] bonds [hoping] to fund its war effort through a form of borrowing.

Congress [passed] the revolutionary Legal Tender Act [in] February 1862 [which] provided for the issuance of $150 million in non-interest bearing notes. Although not backed by gold or silver, these “greenbacks” were legal tender for all debts except import duties and interest on government loans. By issuing notes without the backing of specie, the government risked serious inflation.

In August 1861 Congress passed a 3 percent tax on incomes of more than eight hundred dollars, but it was a year before those funds were collects. The following July a new revenue measure expanded income taxes and added an assortment of other levies.

In late summer 1862 bond sales had dwindled [and] Secretary Chase turned to Philadelphia broker Jay Cooke to orchestrate a massive campaign to stimulate them. This strategy [of 2500 agents nationwide] anticipated the patriotic war bond drives of World Wars I and II. [Roughly] one in four Northern families [purchased them,] Yet it appears most war bonds ended up in the hands of banks and wealthy investors.

The final piece of Chase’s financial program did not fall into place until midway through the war. The National Banking Act of February 1863 (and legislation of June 1864) established a new system of banks. Finally, in March 1865, Congress passed a 10 percent tax on all notes issued by State banks [which was sufficient to] drive most State banks into the new banking system.

When all was said and done bond sales funded two-thirds of the North’s military expenses. Various forms of wartime taxation funded 21 percent of the war’s cost, and the remaining costs were financed through inflation. By printing greenbacks the federal government caused an increase in prices, which had a measurable impact on the Northern economy. At their peak, prices rose to 80 percent above antebellum levels.

The funding legislation passed by the war Congress raises a broader issue. How did wartime measures reshape the American economy?

One long-standing interpretation is that the war was a triumph of industrial capitalism. With for decades the intellectual heirs of Thomas Jefferson and Alexander Hamilton had battled over the constitutionality of federal measures to assist economic development.

With the [Southern] congressmen safely out of the way [in 1861] – so the interpretation goes – Republicans were free to pursue an agenda which features protective tariffs and strong banking legislation. The Civil War provide the perfect excuse for imposing a broad economic revolution.”

(The North Fights the Civil War: The Homefront, J. Matthew Gallman, Ivan R. Dee, 1993, excerpts pp. 96-99)