When was it published?

August 7, 1875 in Frostburg Mining Journal

Domestic News August 7, 1875

Frostburg Mining Journal

Q: What keywords are associated?

Civil War Losses, South Economic Impact, Slave Property Value, Wealth Projection 1870

Frostburg, Allegany County, Maryland

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What is this article about?

A correspondent for the New York Evening Post estimates the South's Civil War losses at $1,284,000,000 excluding $2,400,000,000 in slave property, totaling $3,684,000,000. Without the war, Southern wealth would have reached $15,384,000,000 by 1870, but fell to $5,462,000,000, a $10 billion difference.

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OCR Quality

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Full Text

The losses sustained by the South in the civil war are estimated by a correspondent of the New York Evening Post to have been $1,284,000,000, independent of the slave property, which amounted to $2,400,000,000, making a total of $3,684,000,000. But this is below the mark, for the correspondent estimates that had not the war occurred the wealth of the South, taking the ratio of the decade ending 1860 as a test, would in 1870 have reached $15,384,000,000, instead of which it fell to only $5,462,000,000—a difference of nearly $10,000,000,000.

What sub-type of article is it?

Economic

What keywords are associated?

Civil War Losses South Economic Impact Slave Property Value Wealth Projection 1870

Where did it happen?

South

Domestic News Details

Primary Location

South

Outcome

$1,284,000,000 in losses independent of slave property valued at $2,400,000,000; total wealth in 1870 at $5,462,000,000 instead of projected $15,384,000,000, a difference of nearly $10,000,000,000

Event Details

Correspondent of the New York Evening Post estimates Civil War losses for the South, noting direct losses and slave property value, and compares projected wealth growth based on 1860 decade ratio to actual 1870 figure.