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Economic Development Economic Development Information The City of East Providence s Economic Development programs are administered through the Department of Planning located in City Hall Whether you are

ECONOMIC FOCUS: Regional leaders to address UN

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Mon, 21 Sep 2009 16:45:01 GM

By Nelson King united nations, CMC - The global . economic. crisis, climate change and trans-national crime are expected to be the dominant themes this week when Caribbean Community (CARICOM) leaders address the 64th Session of the United ...

What were the economic costs of the American Civil War? How did it lead us into the depression?
Q. I was just wondering what other costs of the Civil War affected our economic status? I know that the funds to support troops with food, weapons, and other supplies inflicted our economy but what else?
Asked by Joel - Wed Aug 26 12:50:09 2009 - - 2 Answers - 0 Comments

A. The north had a huge advantage because it had a Treasury department. They were set up to handle raising funds for the war Also the north started the first income tax to cover expenses of the war, this brought about 20% of the wars cost back to the north. They also had factories to produce items to sell overseas, whereas the south was blockaded , so ships couldn't sail in and out freely to sell her goods. The north also had banks with gold to back bonds and loans it needed for the war. The south wasn't set up to handle the dept, but offered bonds to be redeemed two years after the end of the war. They had no gold to back these up and besides they made the bonds to expensive for the normal Southerner. The bonds were issued only in 1 million… [cont.]
Answered by unknown - Wed Aug 26 21:12:17 2009