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Shoddy Millionaires
"Shoddy" millionaires was a derogatory term for the War profiteering, war profiteers in the North during the American Civil War. Allegedly, they supplied the Union (American Civil War), Union army with faulty uniforms made from reprocessed "shoddy" wool rather than virgin wool. Shoddy millionaires also allegedly made shoes from cardboard that would dissolve when the soldiers marched in water or mud. References Economic history of the American Civil War Class-related slurs {{AmericanCivilWar-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
War Profiteering
A war profiteer is any person or organization that derives profit (economics), profit from warfare or by selling weapons and other goods to parties at war. The term typically carries strong negative connotations. General profiteering (business), profiteering, making a profit criticized as excessive or unreasonable, also occurs in peacetime. An example of war profiteers were the shoddy millionaires, "shoddy" millionaires who allegedly sold recycled wool and cardboard shoes to soldiers during the American Civil War. Some have argued that major modern defense conglomerates like Lockheed Martin, Boeing, BAE Systems, General Dynamics, and Raytheon fit the description in the post-9/11 era. This argument is based in the military-industrial complex, political influence of the arms industry, defense industry, for example in 2010 the defense industry spent $144 million on lobbying and donated over $22.6 million to congressional candidates, as well as large profits for defense company shareh ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
American Civil War
The American Civil War (April 12, 1861 – May 26, 1865; also known by other names) was a civil war in the United States. It was fought between the Union ("the North") and the Confederacy ("the South"), the latter formed by states that had seceded. The central cause of the war was the dispute over whether slavery would be permitted to expand into the western territories, leading to more slave states, or be prevented from doing so, which was widely believed would place slavery on a course of ultimate extinction. Decades of political controversy over slavery were brought to a head by the victory in the 1860 U.S. presidential election of Abraham Lincoln, who opposed slavery's expansion into the west. An initial seven southern slave states responded to Lincoln's victory by seceding from the United States and, in 1861, forming the Confederacy. The Confederacy seized U.S. forts and other federal assets within their borders. Led by Confederate President Jefferson Davis, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Union (American Civil War)
During the American Civil War, the Union, also known as the North, referred to the United States led by President Abraham Lincoln. It was opposed by the secessionist Confederate States of America (CSA), informally called "the Confederacy" or "the South". The Union is named after its declared goal of preserving the United States as a constitutional union. "Union" is used in the U.S. Constitution to refer to the founding formation of the people, and to the states in union. In the context of the Civil War, it has also often been used as a synonym for "the northern states loyal to the United States government;" in this meaning, the Union consisted of 20 free states and five border states. The Union Army was a new formation comprising mostly state units, together with units from the regular U.S. Army. The border states were essential as a supply base for the Union invasion of the Confederacy, and Lincoln realized he could not win the war without control of them, especially Maryla ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic History Of The American Civil War
The economic history of the American Civil War concerns the financing of the Union and Confederate war efforts from 1861 to 1865, and the economic impact of the war. The Union economy grew and prospered during the war while fielding a very large Union Army and Union Navy.Emerson David Fite, ''Social and industrial conditions in the North during the Civil War'' (1910online edition/ref> The Republican Party in Washington, D.C. had a Whiggish vision of an industrialized country, with great cities, efficient factories, productive farms, all national banks, all knit together by a modern railroad system, to be mobilized by the United States Military Railroad. The Southern United States had resisted policies such as tariffs to promote industry and the Homestead Acts to promote farming, because slavery in the United States would not benefit. With the South gone and the Northern Democratic Party weak, the Republicans enacted their legislation. At the same time, they passed new taxes to pay ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
