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> The Confederacy’s hostility to taxes ultimately hampered its ability to raise money and fight the Civil War. That's a great footnote! I had thought of this s
by rolltiide 7y ago
> The Confederacy’s hostility to taxes ultimately hampered its ability to raise money and fight the Civil War.
That's a great footnote! I had thought of this several years ago and found a paper detailing the finances of the Confederacy, and boy were they ugly! The Civil War could have been won without a land war at all! It would have gone bankrupt either way. It couldn't issue debt and its farming citizens were selling crops to the government at inflated prices, which it was hoping to use and sell. The blockade prevented the selling, and it had limited use.
When I think about it, the union which won learned to resort to sanctions almost exclusively.