There was a sea change in money and banking in the U.S. as a result of the Civil War. Government became the primary regulator. Metal coins gave way to paper. Mistakes of one bank infected others – it was contagion.

7. The Cost and Consequences of the Civil War

Mark Thornton, coauthor of Tariffs, Blockades and Inflation: The Economics of the Civil War, offers a series of seven lectures, presented to the Auburn University Academy for Lifelong Learners, hosted at the Mises Institute.Download the complete audio of this event (ZIP) here.

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7. The Cost and Consequences of the Civil War

7. The Cost and Consequences of the Civil War

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