By Leah Defigueiredo and Emerald Yumang

Friday, December 10, 2010

Reconstruction: Northern Economy

The North had alot of rebuilding to do after the war, so they had to take steps to fix their nation. The North had to raise funds to rebuild areas that had been destroyed. To do so, they empoyed three different methods. First, they enacted protective tariffs, excise taxes on luxury goods, and an income tax. They also printed $450 in paper money. Union securities were marketed to investors both in the North and in Europe. Through these three methods, the North tried earn enough money to be restored.
-Leah Defigueiredo

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