Financing the Civil War: Greenbacks and the National Bank Act | The Story of Money, Episode 8

The Civil War sparked a sea change in US history. The entire nation, including its financial system, was transformed. Old problems are solved and new ones are created as Treasury Secretary Salmon Chase struggles to provide the money President Lincoln needs to deal with the rebellion. As you'll see, funding the Civil War was quite difficult and Chase had to get creative. This is episode 8 of Dollars & Debt: The Story of Money from Benjamin Franklin to Occupy Wall Street, a series on US financial history created by Athens Politics Nerd. Watch Episode 7:    • The Free Banking Era | The Story of Money,...   Watch Episode 9:    • Greenbacks or Gold? America's Gold Standar...   SOURCES Money, Whence it Came, Where it Went by John Kenneth Galbraith A Financial History of the United States by Margaret Myers Banks and Politics in America by Bray Hammond Early State Banks in the US: How Many Were There and When Did They Exist? by Warren Weber APN is funded by individual donors like you and is completely independent. ➜ Become a Patron:   / athenspoliticsnerd