RAILROADS IN THE CIVIL WAR: Newsletter #1
Just prior to the outbreak of the Civil War, the United States contained five percent of the world’s population. But, the country contained almost 50% of the world’s rail miles.
Northern railroads served the rapid growth of the industrial economy’s needs there. Thus, an enormous amount of capital was directed to the expansion of railroads. In the South, railroads served the agricultural economy’s seasonal needs. Most of the available capital there, went to the acquisition of land and slaves.
I will continue the description/analysis of railrsoads in the Civil War in the next newsletter.