The Economic Cost of the American Civil War: Estimates and Implications

Claudia Goldin and Frank Lewis

The Journal of Economic History, 1975, vol. 35, issue 2, 299-326

Abstract: We are right to see power, prestige, and confidence as conditioned by the Civil War. But it is a very easy step to regard the War, therefore, as a jolly piece of luck only slightly disguised, part of our divinely instituted success story, and to think, in some shadowy corner of the mind, of the dead at Gettysburg as a small price to pay for the development of a really satisfactory and cheap compact car with decent pick-up and road-holding capability. It is to our credit that we survived the War and tempered our national fiber in the process, but human decency and the future security of our country demand that we look at the costs. What are some of the costs? Robert Penn Warren, The Legacy of the Civil War (New York: Random House, 1961), pp. 49–50.

Date: 1975
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