Confederate States Of America

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then seven to twenty-one" (Zebrowski 223). Despite the North's enormous population advantage over the South during the Civil War, other wars proved that size doesn't matter. For example, the Colonist's success in the American Revolution proved to Great Britain that America was an insignificant, but a successful opponent. "While Northern superiority in numbers and resources was a necessary condition for Union Victory, it is not a sufficient explanation for that victory," says James McPherson (Zebrowski 224).
When looking at economic factors in the Civil War, we find that the war had a devastating effect on the South and a converse effect on the North. Because of the Northern blockade and the disconnection of Southern farmers from markets in the North, sales of cotton became nearly impossible. In the North, the war produced the same suffering as in the South, but "it also produced prosperity and economic growth by giving a major stimulus to both industry and agriculture," says ...

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revenue for the war. "Of the Confederacy's income, to October 1864, almost 60 per cent was derived from the issue of paper money, about 30 per cent from the sale of bonds, and less than 5 per cent from taxation (the remaining 5 per cent arising from miscellaneous sources). Of the Union's income, by contrast, 13 per cent was raised by paper money, 62 per cent by bonds, and 21 per cent by taxes (and 4 per cent by other means)" (Current 27). Unlike the Union, which relied mostly on bonds and taxation for revenue, the Confederates relied mostly on its paper currency. The Confederate government literally flushed itself into the worst economic inflation America has seen since the American ...

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