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The Civil War, which lasted from 1861 to 1877, was mainly caused by the diverging society between the North and the South. ... There were many factors that led to the war and the main ones were political and economic differences between the North and the South. ... The issue on slavery was one of the causes of the Civil War. ... Another reason that caused the South to go to war was the difference in economic policies. ...
American Civil War began with disagreements, creating a divided union, and sparked an incredibly disastrous four years.
Although disagreements created the war, this was not the only driving force. ...
The Civil War changed the nation greatly, and one of these changes was use of paper currency. In 1861, Congress issued Demand Notes to finance the civil war. ... Confidence in these notes ended when the Treasury stopped redeeming them during the war to save gold and silver. ... By the end of the war, the money became totally worthless. ...
The North managed the war through printing money and borrowing, but increased funds by collecting a direct tax, creating the nation’s first income tax, and raising tariffs, which were taxes on imports. Still, the Union financed only 20% of the war through taxation. ... The Confederacy financed the war through printing money and borrowing. The Civil war also destroyed the Confederacy’s banking system, and its recovery was damaged by lack of funds. ... Confederate President Davis not only had a war to fight but also a new government to run.
Approximate Word count = 1230
Approximate Pages = 4.9
(250 words per page double spaced)
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