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Ways and means Lincoln and his cabinet and the financing of the Civil War

"In Ways and Means, journalist Roger Lowenstein reveals the unlikely story of how Abraham Lincoln used the urgency of financing the Civil War to transform a union of states into one united nation. Through a financial lens, he explores how this second American revolution, led by Lincoln, his cabinet,...

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Main Author: Lowenstein, Roger (Author)
Format: Books Print Book
Language:English
Published: New York : Penguin Press, 2022.
Subjects:
Lincoln, Abraham, > 1809-1865.
United States > History > Civil War, 1861-1865 > Economic aspects.
United States > History > Civil War, 1861-1865 > Finance.
United States > Politics and government > 1861-1865.
United States > Economic conditions > To 1865.
United States > History > 1849-1877.
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Summary:"In Ways and Means, journalist Roger Lowenstein reveals the unlikely story of how Abraham Lincoln used the urgency of financing the Civil War to transform a union of states into one united nation. Through a financial lens, he explores how this second American revolution, led by Lincoln, his cabinet, and his congress, changed the direction of the country"--
Upon his election to the presidency, Abraham Lincoln inherited a country in crisis: the United States Treasury had run out of money. The government had no authority to raise taxes, no federal bank, no currency. Lincoln saw opportunity to foster the economic opportunity he had always sought for upwardly striving Americans, and which he would seek in particular for enslaved Black Americans. Salmon Chase, Lincoln's secretary of the Treasury, levied taxes and marketing bonds while desperately battling to contain wartime inflation. The Republican-led Congress enacted legislation that made the government, for the first time, a powerful presence in the lives of ordinary Americans. Through a financial lens, Lowenstein explores how this second American revolution changed the direction of the country. -- adapted from jacket
Physical Description:xii, 432 pages, 8 unnumbered pages of plates : illustrations, map ; 25 cm
Bibliography:Includes bibliographical references and index.
ISBN:9780735223554
0735223556
Author Notes:Roger Lowenstein, author of the bestselling Buffett: The Making of an American Capitalist, reported for The Wall Street Journal for over a decade and wrote the stock-market column "Heard on the Street" from 1989 to 1991 and the "Intrinsic Value" column from 1995 to 1997. He now writes a column in SmartMoney magazine and has written for The New York Times and The New Republic, among other publications. He has three children and lives in Westfield, New Jersey.

(Bowker Author Biography)

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