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Both the Union and Confederacy received a tremendous amount of money through trade. The Union had the majority of the factories, and sold their products to countries like Great Britain, France and Spain. The Confederacy had the majority of the farm land and sold cotton and other cash crops to Great Britain. Both the Union and the Confederacy raised funds through taxes, issuing bonds and taxation. They also raised funds by "printing money". The Union printed at least $150,000,000 and the exact amount of printed money by the Confederacy is subject to debate.
Wiki User
∙ 7y ago
Wiki User
∙ 7y agoThe US raised funds to fight the US Civil War by issuing bonds that were purchased by individuals of financial institutions. Various types of taxes, including the first ever US income tax was created. The US Treasury collected over $15 million from men seeking to avoid the draft. And based on a new law helped along by the Secretary of the Treasury, Salmon P. Chase, the US was able to print money. As soon as the law was passed , the US immediately printed $150 million.For the South they did obtain limited loans from France and was able to raise funds from cotton exports that slipped past the Union's blockade. Initially, their first funding came by capturing the US Mint in New Orleans. That amount was approximately $500,000. The South also issued bonds. Gladstone of Great Britain, for example traded these for profits or losses when market conditions allowed for it.
Wiki User
∙ 12y agoThey received loans from France.
Wiki User
∙ 9y agoThey taxed higher
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How did the US raise the money to fight the Civil War?
They borrowed money form France and Spain.
Who passed the morrill tariff to raise money for the civil war?
the south.
How did the Southerners raise money during the Civil War?
crops and agriculture
How did the US raise money during the civil war?
taxes da!
What advantage did the north have that helped it to raise money for the civil war?
The North was more industrial and had many more people, thus giving them an easier time in raising money for the civil war...
How did the Union and confederates raise money for the Civil War?
Usually women who were not fighting had fundraisers and raised money for soldier supplies
How did the civilians raise money for the troops in the US Civil War?
The civilians sold the supplies to the government and the government gave them money for the supplies.
How did the us government raise money to fight the war?
They issued "war bonds" (dept securities) - which are used to fund military operations during war.
Disadvantages of the south in civil war?
they didnt have enough money or people to fight the north. in the north they had money people and they had supplies
How did the confederate raise money to finance the civil war?
Printed more Confederate dollars, and the currency became worthless.
What three methods did the north and south use to raise money in the civil war?
The made the people pay taxes
Why did Martin Luther king Junior fight for civil war?
He did not fight for civil WAR! he fought for civil RIGHTS and liberties
