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The Second American Revolution Analysis and Impact of the Republican Economic Legislation of the Civil War Era

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Boston College

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  1. Introduction
  2. The social changes that occurred during the Civil War
    1. The government during the war
    2. The formation of the Republican Party
    3. The men who founded the party
    4. The ambitious economic agenda of the young Republican Party
  3. This delicate economic climate
    1. This early form of currency
    2. Lincoln's personal feelings on the economic issues
    3. Abraham Lincoln's ideas
  4. The election of Abraham Lincoln as President and the Republican party
    1. This monopoly of Congress
    2. The three most important pieces of economic legislation
    3. The decision to levy internal duties
  5. The debate over the creation of a National Bank
    1. The passage of the National Bank Act in 1863
    2. The bill proposed by Secretary Chase
    3. Those who at first opposed the bill
  6. The surrender of General Robert E. Lee
  7. The first economic historian to delve into the Civil War
  8. Conclusion
  9. Bibliography

The United States Civil War was a watershed event for the country. The consequences of the conflict changed the landscape of the country forever. Historian Charles Beard labeled the war ?The Second American Revolution?, because he believed that more change took place during this period than any time since the Revolution. The most drastic change that occurred during the period was the abolition of slavery and the freedom given to African-Americans as a result of the passing of the Thirteenth, Fourteenth, and Fifteenth Amendments. These three pieces of legislation not only freed the slaves but gave them equal protection under the law. In only a few short years, the entire social structure of the country was uprooted and replaced by a new American society.

[...] The members of Congress understood the impact that this had upon the country, and immediately set about to make sure the war went in the Union's favor. Congressmen, especially those who were alive during the War of 1812, understood the enormous economic costs of fighting a war. A report by the Secretary of the Treasury gave exact figures on how much he believed the war would cost, and even discussed ideas about how money should be raised to fight the battles. [...]


[...] Economic Impact of the American Civil War. Cambrdige, MA: Schenkman Beard, Charles, and Mary Beard. The Rise of American Civilization. Two volumes. New York: Macmillan Boriit, G. S. Lincoln and the Economics of the American Dream. Memphis: Memphis State Gienapp, William E. The origins of the Republican Party, 1852-1856. New York: Oxford Gilchrist, David & W. David Lewis. Ed. Economic Change in the Civil War Era. Greenville, DE: Eleutherian Mills-Hagley Hacker, Louis Morton. The Course of American Economic Growth and Development. [...]


[...] Secretary Chase championed the bill by explaining to the members of congress that it was a necessary measure for the government to pay bills, unlock funds, and create new war bonds to finance the war. Despite the question of constitutionality concerning the power of the government to create money, Chase had many supporters in the crowd including Congressman Elbridge G. Spaulding of New York. bill before us is a war measure, a necessary means of carrying into execution the power granted in the Constitution raise and support armies' It is needed to save the government.?[17] Mr. [...]

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