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Bonds of War - How Civil War Financial Agents Sold the World on the Union (Paperback)
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Bonds of War - How Civil War Financial Agents Sold the World on the Union (Paperback)
Series: Civil War America
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How does one package and sell confidence in the stability of a
nation riven by civil strife? This was the question that loomed
before the Philadelphia financial house of Jay Cooke & Company,
entrusted by the US government with an unprecedented sale of bonds
to finance the Union war effort in the early days of the American
Civil War. How the government and its agents marketed these bonds
revealed a version of the war the public was willing to buy and buy
into, based not just in the full faith and credit of the United
States but also in the success of its armies and its long-term
vision for open markets. From Maine to California, and in foreign
halls of power and economic influence, thousands of agents were
deployed to sell a clear message: Union victory was unleashing the
American economy itself. This fascinating work of financial and
political history during the Civil War era shows how the marketing
and sale of bonds crossed the Atlantic to Europe and beyond,
helping ensure foreign countries' vested interest in the Union's
success. Indeed, David K. Thomson demonstrates how Europe, and
ultimately all corners of the globe, grew deeply interdependent on
American finance during, and in the immediate aftermath of, the
American Civil War.
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