Mises Daily
Author:
H.C. Engelbrecht
F. C. Hanighen
Online Publish Date:
[Excerpted from chapter 4 of Merchants of Death ] America made excellent gunpowder. It also produced superior small arms. The end of the Civil War gave a tremendous impetus to the sales campaign of American arms makers. The bottom had more than fallen out of their domestic market. With large plant, personnel, and stocks on their hands, the arms