Paying for the War
South did not want to raise taxes-felt many states would quit if they were taxed
Raised income by selling war bonds
North- War cost 1.75 million per day to fight
Created the first income tax in the U.S.
Increased the standard sales tax
Sold war bonds
Created the legal tender act (1862)
Issued green paper money known as green backs
North’s primary goal was to restore the Union-devised a three part strategy
Capture the confederate capital of Richmond Virginia.
Gain control of the Mississippi River to effectively cut the confederacy in half
Institute a naval blockade of the South effectively cutting off foreign imports and exports
The south hoped to capture Washington and invade the North as a show of force.
They hoped a successful offensive strike into Maryland, Pennsylvania and even Washington
D. C. would shatter the Northern Morale and make the North give up.
They also hoped to disrupt Union Communications and win European Support to bring a speedy
end to the conflict. The longer the war lasted the bigger the advantage for the