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Tag Archives: war debt
how big the burden?
The June 4, 1865 issue of The New-York Times headlined the huge national debt that Secretary of the Treasury Hugh McCulloch reported. The following article (which we know was published sometime in May) argued that the burden of a nation’s … Continue reading
Posted in 150 Years Ago This Week, Aftermath, Northern Society
Tagged Hugh McCulloch, war costs, war debt
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America still shackled …
… by a whole lot of debt A British publication related the American Civil War debt to the “the safety and expediency of democratic rule.” – especially given a democracy’s aversion to free trade. From The New-York Times May 8, … Continue reading
in black and white
red all over … but a lot less than Democrats claim. Democrat newspapers claimed the public debt would be $4 billion by the end of the war. A Republican publication calculated the debt as of September 30, 1864 as about … Continue reading
halt the juggernaut
crushing the rebellion crushing the Union? A publication in upstate New York called for the end of the war and its great costs in terms of the dead and maimed, the public debt, and the loss of Constitutional liberty. From … Continue reading
Hang On to Your Wallets …
… the Yankees Are Coming As the U.S. Congress debates ways and means to pay for the ever burgeoning war debt a Confederate military officer uses that debt as a recruiting tool. From the Richmond Daily Dispatch February 13, 1862: … Continue reading
