The Economics of the Civil War

Economics of the Civil War

1. How Did the North Win?

미국 역사전쟁과 대외정책

01/19/2005Mises Media
The Economics of the Civil War should instruct us in ways that the history of the Civil War might not. Cotton had much to do with what the war was about. Slavery as a cause of the Civil War is a modern development. How did the Union win the war? How did the aftermath of the war affect our own lives...
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Economics of the Civil War

2. Economic Tools for Understanding the War

미국 경제미국 역사전쟁과 대외정책철학과 방법론

01/26/2005Mises Media
Opportunity cost is the proper economic basis for specialization and trade in resources. Opportunity cost is the highest value you give up when you make a choice. It was Confederate government policy that caused misallocations on the part of the South, making it inefficient and wasteful. A few of...
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Economics of the Civil War

3. The Union Blockade and Southern Strategy

미국 경제미국 역사전쟁과 대외정책

02/02/2005Mises Media
Tariffs were generally favorable for the North and unfavorable for the South. They were a key political battle for forty years. The Union General Scott developed the anaconda plan to squeeze the breath out of the South. The Union Blockade was the first part of that plan. This battle at sea...
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Economics of the Civil War

4. The Rhett Butler Effect

미국 역사전쟁과 대외정책

02/09/2005Mises Media
Blockade boat owners turned to engines for speed instead of sails. Blockade running became more expensive as the blockade became stricter. Certain prices increased much faster and higher. Most goods desired in the South had to be imported.
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Economics of the Civil War

5. Confederate Blockade of the South

미국 경제미국 역사전쟁과 대외정책

02/16/2005Mises Media
The Confederate government blockaded the Southern economy by bad policies like impressment and trying to run the blockade themselves. The government declared that fifty percent of all cargo space had to be for the Confederate government.
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Economics of the Civil War

6. Inflation: North and South

화폐와 은행전쟁과 대외정책자본⦁이자 이론화폐와 금융

02/24/2005Mises Media
Inflation is a giant rip off, a stealth tax stealing purchasing power. Money is not neutral. The first receivers of new money benefit. Savers and those on fixed incomes struggle. From 1857 until the war was a period of “free banking” where the fed had nothing to do with the banks and the states had...
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Economics of the Civil War

7. The Cost and Consequences of the Civil War

미국 역사전쟁과 대외정책오스트리안 경제학정치 이론

03/03/2005Mises Media
There was a sea change in money and banking in the U.S. as a result of the Civil War. Government became the primary regulator. Metal coins gave way to paper. Mistakes of one bank infected others – it was contagion.
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Economics of the Civil War

8. The Civil War and the Growth of Government

미국 역사전쟁과 대외정책정치 이론

03/09/2005Mises Media
Black reconstruction after the Civil War did much better than the dire predictions made. The black population recovered quickly. Many moved to urban areas. They deliberately had fewer children. Mortality declined. Income increased. No government assistance was handed out.
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