What role did economics play in leading the United States into the Civil War in the 1860s, and how did the war affect the economies of the North and the South? Tariffs, Blockades, and Inflation uses contemporary economic analyses such as supply and demand, modern market theory, and the economics of politics to interpret events of the Civil War. Simplifying the sometimes complex intricacies of the subject matter, Thornton and Ekelund have penned a nontechnical primer that is jargon-free and accessible. Tariffs, Blockades, and Inflation also takes a comprehensive approach to its topic. It offers a cohesive and a persuasive explanation of the how, what, and why behind the many factors at work on both sides of the contest. While most books only delve into a particular aspect of the war, this title effectively bridges the gap by offering an all-encompassing, yet relatively brief, introduction to the essential economics of the Civil War. This book starts out with a look at the reasons for the beginning of the Civil War, including explaining why the war began when it did. It then examines the economic realities in both the North and South.
Also covered are the different financial strategies implemented by both the Union and the Confederacy to fund the war and the reasons behind what ultimately led to Southern defeat. Finally, the economic effect of Reconstruction is discussed, including the impact it had on the former slave population. Thornton and Ekelund have contributed an overdue examination of the Civil War that will impart to students a modern way to better comprehend the conflict. Tariffs, Blockades, and Inflation offers fresh, penetrating insights into this pivotal event in American history.
What role did economics play in leading the United States into the Civil War in the 1860s, and how did the war affect the economies of the North and the South? Tariffs, Blockades, and Inflation uses contemporary economic analyses such as supply and demand, modern market theory, and the economics of politics to interpret events of the Civil War. Simplifying the sometimes complex intricacies of the subject matter, Thornton and Ekelund have penned a nontechnical primer that is jargon-free and accessible. Tariffs, Blockades, and Inflation also takes a comprehensive approach to its topic. It offers a cohesive and a persuasive explanation of the how, what, and why behind the many factors at work on both sides of the contest. While most books only delve into a particular aspect of the war, this title effectively bridges the gap by offering an all-encompassing, yet relatively brief, introduction to the essential economics of the Civil War. This book starts out with a look at the reasons for the beginning of the Civil War, including explaining why the war began when it did. It then examines the economic realities in both the North and South.
Also covered are the different financial strategies implemented by both the Union and the Confederacy to fund the war and the reasons behind what ultimately led to Southern defeat. Finally, the economic effect of Reconstruction is discussed, including the impact it had on the former slave population. Thornton and Ekelund have contributed an overdue examination of the Civil War that will impart to students a modern way to better comprehend the conflict. Tariffs, Blockades, and Inflation offers fresh, penetrating insights into this pivotal event in American history.
Chapter 1 Economic Interests and the Onset of the Civil War: The Tariff Chapter 2 The Union Blockade and Southern Strategy Chapter 3 Inflation, North and South Chapter 4 Consequences of the War
Mark Thornton is senior fellow at the Ludwig von Mises Institute and book review editor of the Quarterly Journal of Austrian Economics. Robert B. Ekelund, Jr., is the Edward K. and Catherine L. Lowder Eminent Scholar at Auburn University and Vernon F. Taylor Visiting Distinguished Professor at Trinity University in San Antonio, Texas.
A readable, enjoyable treatise that introduces the works of many
economists operating under the Austrian approach.
*H-Net: Humanities and Social Science Reviews Online*
The authors have an important story to tell. Tariffs, Blockades,
and Inflation: The Economics of the Civil War is well done and
presents important economic concepts, analyses of the blockades,
the efforts of both sides to finance the war, and the consequences
of the war. This new text will be useful in courses on the Civil
War and American economic history.
*Glenn Linden, Southern Methodist University*
An extremely penetrating work that broadens our understanding of
the great sectional conflict we call the Civil War—a war that not
only changed forever the cultural fabric of the United States but
inexorably altered the government established by the Farmers.
*Chronicles: A Magazine of American Culture*
Mark Thornton and Robert Ekelund, Jr. manage, within the covers of
a slim volume, to supply fresh insights into the economic and
political forces that led to war, contributed to the Confederacy's
defeat, and shifted governmental power permanently toward the
center. . . . Consistently spirited and thought-provoking, Tariffs,
Blockades, and Inflation is a distinctive addition to the
literature on the Civil War and to economic history more generally.
. . . [Tariffs, Blockades, and Inflation] breaks new ground in
applying neoclassical economic theory and public choice reasoning
to the analysis of a pivotal and endlessly fascinating period in
U.S. history. . . . Tariffs, Blockades, and Inflation is must
reading for public choice economists, economic historians, and
students who want-or can be assigned to want-a concise,
user-friendly introduction to economic principles and their
application.
*Public Choice*
In concise and clear prose Professors Mark Thornton and Robert
Ekelund use basic economics to explain the causes, outcome, and
consequences of the Civil War.
*The Freeman: Ideas On Liberty*
Want to know why the South lost the Civil War? The answer is in
this delightful, scholarly book.
*Robert Tollison, Clemson University*
For readers unfamiliar with the Austrian approach to economics, the
two authors offer a readable, enjoyable treatise that introduces
the works of many economists operating under the Austrian approach.
. . . The authors have capably introduced readers to the burgeoning
corpus of Austrian analysis of the war.
*H-Net: Humanities and Social Science Reviews Online*
Mark Thornton and Robert B. Ekelund, Jr. have written a concise
synthesis of economic change during the Civil War.
*H-Civwar*
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