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Title: When Johnny Came Marching Home, What Did He Find? A Look at the Postbellum U.S. Economy
Citation Type: Book, Section
Publication Year: 2019
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Abstract: The Civil War radically changed the role of the federal government in the macroeconomy. It also cost a lot: per capita federal debt in 1859 was less than two dollars but rose to over seventy-six dollars by 1865. Once the war ended, so did government payouts for men and materiel. That withdrawal, coupled with the need to repay government creditors, might seem to set the stage for recession. IN fact, real per capital GDP grew faster after the war than before, with only a small downturn during the financial panic of 1873. . .
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Authors: Bourne, Jenny
Editors: Finkelman, Paul; Kennon, Donald R
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Volume Title: Ending the Civil War and Consequences for Congress
Publisher: Ohio University Press
Publisher Location: Athens, Ohio
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Data Collections: IPUMS USA
Topics: Labor Force and Occupational Structure, Other
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