Saturday, October 27, 2012

Estimated Cost of Lincoln's War

Estimated Cost of Lincoln's War
The abolitionist agitation over slavery caused Southern secession, and secession caused Lincoln’s war upon the South.  Had the approximately 3.5 million slaves worth approximately $1500 each been purchased by the Northern government to become free labor, the total amount expended would have been far, far less than the figures related below. 
Bernhard Thuersam, Chairman
North Carolina War Between the States Sesquicentennial Commission
"The Official Website of the North Carolina WBTS Sesquicentennial"
Estimated Cost of Lincoln’s War:
“The Secretary of the Treasury in 1866 reported that the Civil War, to that time, had cost the Federal Government $6.19 billion dollars. The national debt in 1865 stood at $2.85 billion dollars.  It cost the Federal Government nearly $2 million per day from 1861 through 1865 to wage the war. By 1910 the cost of the war, including pensions and burial of veterans, had reached $11.5 billion dollars. 
Estimated cost of the war to the Union:  $6,190,000,000.
Estimated cost of the war to the Confederacy:  $3,000,000,000.”
(Statistics on the Civil War, Facts About the Civil War, The Civil War Centennial Commission, 1960, page 16)