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Before dawn on April 12, 1861—150 years ago this week—the American Civil War began when Confederate artillery shelled Fort Sumter in Charleston Harbor. Living as we do in the shadow of the great wars of the 20th century, it's hard to imagine just how stupendous a conflict the war was by the standards of that day.
It was by far the greatest military conflict fought in the Western world between the end of the Napoleonic Wars in 1815 and the start of World War I in 1914. Even more important, the American Civil War was the first great conflict of the industrial era. For the first time, railroads, the telegraph, public opinion and large-scale industrial production were crucial to winning the war. And all of that had to be paid for, so another important aspect of the war was in finance.
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The cost was much higher for the South than the North
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A lot of the fighting was done in the south which made it higher financially. Most factories were int eh North so supplies for them were much easier to get. The union was also funded by the government through taxes, printing money, the sale of government bonds, and the creation of a national banking system.