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Economic Effects Of The Civil War

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The economic impact of the Civil War was is huge. Before the Civil War, the debt that the United States owed to from other countries is already in the millions. After the War, the debt shockingly raised up to $2.7 billion. Even after the debt have becomingeo larger, the United States still had have to spend money on the destructions caused by from the war. Now, the U.S. would need money to fix all of these problems. So, they issued the income taxes to families. Supported by from the quote which states “The income tax during the Civil War—the first in U.S. history—was not onerous by today’s standards. Early in the Civil War, Congress passed 3 percent tax on all income over $800 (which was much more than most families earned). Then Congress

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