How did economic factors contribute to the outcome?
The war was long- South couldn't sustain eg relied on printing money which caused inflation, economic blockade of ports, Sherman’s campaign which had huge economic damage. They couldn’t get the loans needed to keep it going. The North could meet teh demands for a longer war so the longer it went on the less likely the South would win
How did North raise income?
70% through loans, 20% through tax rises, more money was printed for the rest which caused inflation and food prices to double
How successful was the South in raising money?
Little success in raising taxes with this making up 5% of their funds (ended up in riots) and the nature of the state made getting loans difficult. They relied on printing money so prices went up seven-fold. Their agricultural base arguably meant in a long war the North winning was inevitable
