The Debt Of The American Civil War Essay

The Debt Of The American Civil War Essay

Length: 1337 words (3.8 double-spaced pages)

Rating: Better Essays

Open Document

Essay Preview

Debt started in the united states when it was just a colony fighting its way out the cage of oppression and control from the british in war. this war put the colonies soon to be united states in a massive debt from france and other countries and areas who support the underdog taking their independence. this debt from all around was another problem this debt was the first and not last the states will have to pay only this first one will be almost paid just before the civil war. alexander hamilton helped with the debt which was $75,463,476.52 but the state 's only get into debts because of war the american civil war did not help put the debt down a notch. that civil war put the debt into the a billion this made it most hard to pay the debt by the twentieth century this debt was roughly around $22 billion dollars.

by the point around world war 2 the debt was 51 billion but at the end of the war it then was 260 billion this keeps growing and growing and hindering the states more and more to the point they can 't keep this in control. it was reaching the rate of inflation and by the cold war it was lowering but by 2008 it was in its trillions to be exact 10.3 trillion and growing. today the treasurer hosts auctions for debts and gets around 8 trillion even today the government tries to pay these debts off. also can make debts to fund the government and help with operations. money is a big issue here the lost of money auctions for debt and the government struggling to pay it most of the debt is still needed to pay and most of it still hasn 't been paid in around 50 years or so.

in 2012 the general government gross debt was $16.3 trillion this is a big issue by now 2015 soon to be 2016 it is more then that and so on till the debt...

... middle of paper ...

...ay with massive spending and death destruction defense and manufacturing the debt was at its prime for years to come. today the debt sits at its throne as the largest debt in the world and sits on its throne with no worry that the US will pay it off and stay on its throne for many years to come. to the unlikely event that the people would say the debt is wiped clean that won 't ever happen what 's being owed is in the trillions no one would wipe it clean this is fact that no one has the power to pay it off or wipe it clean. back in the 1900’s if there was war if there wasn 't any disasters or dictators if that happened maybe the war torned century the debt could be payed off or maybe people might be indebted to the US. the fact of the matter is the debt grew in the 1900’s to a height never seen before and lead to its current state in the trillions and growing still.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Essay about Causes of The American Civil War

- "War is the unfolding of miscalculations." - Barbara Tuchman Lasting from 1861 to 1865, the Civil War is considered the bloodiest war in American history. However, the Civil War had seemingly been a long time coming. There were many events that took place within the fifteen years leading up to the Civil War that foreshadowed the eventual secession of seven “cotton states” from the Union. The end of the Mexican-American War in 1848, the publication of Uncle Tom’s Cabin in 1852, the Kansas-Nebraska Act of 1854, the Dred Scott Decision of 1857, John Brown’s raid on Harper’s Ferry in 1859, and the outcome of the Presidential Election of 1860 all helped contribute to southern secession and the s...   [tags: American Civil War]

Better Essays
2128 words (6.1 pages)

Essay on Reconstruction Of The American Civil War

- Reconstruction was the period that followed the American Civil War in which attempts were made to amend the wrongs of slavery and the political, economical and social problems that were caused. When Andrew Johnson became president in 1865, he began the period of Presidential Reconstruction. He offered a pardon to all southerners, except wealthy planters and Confederate leaders by giving them full political rights and returning their property (Gilmore). He required the new state governments to abolish slavery, abandon secession and revoke the Confederate debt but other than that they were allowed to freely manage their affairs (Bartley)....   [tags: Southern United States, American Civil War]

Better Essays
1165 words (3.3 pages)

The Civil War : The Second American Revolution Essay

- Historian Charles Beard refers to the civil war as the second American Revolution. Although some may claim that the civil war isn’t a revolutionary war, it can be convincing that the civil war is a revolution because change occurred as a result of this war. Therefore, Charles Beard can be agreed with. On April 12, of 1861 the civil war had begun. This became undoubtedly a fight over America’s fate. During and after this war new and traditional techniques and technological advances were used during this war....   [tags: American Civil War, Emancipation Proclamation]

Better Essays
1831 words (5.2 pages)

The American Civil War Essay

- The American Civil War is undoubtedly one of the most important events in American history. Prior to the outbreak, tensions were on the rise, especially over views on slavery, and with the outcome of the election of 1860 and expansion of territory to the north and west, many Southerners felt the need to strike back against those who threatened to impose on their everyday life. The Civil War transformed America not only economically, but also socially and politically. Economically, the Civil War effected the North and South differently....   [tags: American Civil War, Southern United States]

Better Essays
1035 words (3 pages)

The Civil War Essay

- When the Civil War ended in 1865, leaders turned to the two important questions of what about the eleven Ex-Confederate States and what need to be done about the four million people living in poverty and slavery, which also known as the Freedmen. Those are the two set of political questions after the end of the Civil War from 1865 to 1877 known as Reconstruction. Not everybody agrees with the answers should be. There were a lot of disagreement of how to answer these two set of questions. They sharply divided into three political major, opinion of how the answer should be....   [tags: American Civil War]

Better Essays
1408 words (4 pages)

The Battle Of The Civil War Essay

- If one thing is certain of the Civil War, it is the fact that this war was the bloodiest war that happened on American soil, with over 620,000 people dying. Another thing that is certain is the fact that slavery was the cause of the Civil War Or is it. Obviously, the Civil War was caused by slavery; the issue of slavery being legal in certain states -- causing many political fights -- and talk of making slavery illegal, ultimately lead the southern slave states to secede from the United States to form the Confederate States of America and decide to fight the rest of the states over the issue....   [tags: American Civil War, Slavery]

Better Essays
1574 words (4.5 pages)

Essay The Reconstruction During The Civil War

- At first when the Reconstruction began in 1865 as the civil war came to an end, African Americans benefited majorly for a short amount of time thanks to the northern states, the Union, congress, and Abraham Lincoln. When slaves were first informed about their freedom they celebrated and were being protected by Union soldiers. That did not last long though and they started to be punished for rejoicing and acting as if they were actually free. However, African Americans did not let that hold them back and they continued to act freely and began to do things such as go to school, make their own communities, marry, and many other things....   [tags: American Civil War]

Better Essays
1020 words (2.9 pages)

The Civil War And Reconstruction Essay

- The Civil war and Reconstruction, both had profound effects on america in various political, economic, and social ways. both of these periods in time had different effects depending on the area which can be divided as the North and the South. Both of these areas experienced different alterations depending on the way that they had been influenced by the civil war and reconstruction. these alterations had both positive and negative effects which lead to the American society we know now. America politically changed during the civil war in many ways, one such way was how the morrill tariff act had been passed along with other political decrees....   [tags: American Civil War, Abraham Lincoln]

Better Essays
1058 words (3 pages)

Slavery During The Civil War Essay

- Slavery in America from 1492 to 1960s In America, the Civil War has an important effect on the country and slaves were the direct reason to cause the war. In 1492, some Native American owned slaves before the Columbus found the New World, they were permanently slaves. In colonial period, the first black Americans were indentured servants in colonies, they could free after working for 4 to 7 years. The development of industry caused the large demand of African slaves. Many slaves sold to American to do the heavy work and treated badly....   [tags: American Civil War, United States]

Better Essays
1464 words (4.2 pages)

The Abolition Of Slavery During The Civil War Essay

- After the abolishment of slavery at the conclusion of the Civil War in April of 1865, the United States saw an influx of new laws and policies that were meant to ensure the easy settlement of the freed slave. From earning the right to have full citizenship to gaining the right to vote, the decades after the Civil War proved to be essential for the African American especially for the men. Although there were many obstacles originated from deep rooted racism and classicism, a new legal race still managed to emerge....   [tags: American Civil War]

Better Essays
1495 words (4.3 pages)