Economic Aftermath of the Civil War (Revise this as well or else) Flashcards
Which section of America suffered the most from the Civil War aftermath?
The South
How much did The North spend on the Civil War?
$2.3 Billion
How did the North recover by the end of the 1860’s?
Their overall wealth had increased by 50%
How much did The South spend on the Civil War?
$1 billion
What was the cost of war damages in the South?
$1.1 billion
What likely did not help the cost of war damages for the South?
General Sherman burning every Southern Town he came across
What happened in 1863?
Slavery was abolished
What did slavery being abolished mean for the South economically?
Most of their economy would collapse
How much money was invested in slavery in the South?
$1.6 billion
How much money did the South therefore lose in the civil war?
$3.7 billion
How long did it take the South to recover from the Civil War?
Half a century
How many Slaves were liberated from the Emancipation Proclamation?
3.5 million
What is significant about the amount of wealth growth experienced by The North by the end of the 1860’s?
Lots of this growth likely happened in the last 4 years of the decade as the North was occupied with the Civil War from 1861-65
What happened in the West after the end of the Civil War?
There was a burst in expansion
Why was there a burst in expansion in the West after the Civil War?
Because as many states could be part of the USA as possible now as there was no longer a need to maintain a slave and free state balance
