Defining Moment
1861-1865
1861-1865
Civil War and Reconstruction Era
Defining Moment
What Americans Were Trying To Do
Mobilize soldiers, supplies, industry, and logistics for a national war.
What Happened
The Union used tariffs, excises, income taxes, bond sales, greenbacks, and expanded debt to pay for war. This created a more powerful federal fiscal system.
How Public Finance Made It Possible
Crisis finance allowed the federal government to mobilize at national scale.
What This EnabledThe Union gained the moneycredit needed to sustain armiesproduction
How Americans BenefitedThe Union gained the moneycredit needed to sustain armiesproduction
Anchor Events
Top 100 Building Events
