War Economy and Finances (BCOF)

The discussion of the of monetary policy in both the North and South was very informative and detailed. The inflationary impact that wars often have upon a society is often gut-wrenching. As an example, the Southern woman who wrote a letter lamenting the fact that should her husband die in service of the Confederacy while his family starved was quite profound. Inflationary times really do have the most impact upon the poor. The impact the war had also upon labor set the stages for the developing labor movement as well. The war certainly stimulated and transformed the economy toward era of big business and growing industrialization.