Reconstruction During the Civil War in the United States of America volume 1
Reconstruction During the Civil War in the United States of America volume 1
Scott, Eben Greenough, 1836-1919
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Little money circula- ted among them, and trade was conducted \)j the un- equal method of barter. Their indebtedness though not actually great was relatively so, as every debt is great to him who has not the money wherewith to dis- charge it. F/. The merchants without foreign credit, and who were distressed by the enchancement of val- ues in the commodities whose ingress was hampered by the restraints put upon certain species of commerce by Great Britain. Inasmuch as the great depression which ...followed the peace, produced wide-spread loss, which augmented the waste and destruction of an ex- haustive war, there were few localities wherein the debtors did not largely predominate and few which did not supply a contingent to the new party. 3. The southern planters with whom the principle of local seK-government was all-powerful, began to change front, and it Avill be seen that Virginia pro- tested against the assumption of the state debts as a palpable violation of the Constitution. The building up of moneyed classes which could flourish only in that part of the country where society was concentrated, that is the North, augmented sectional feeling, which already had been aroused by the contentions in the convention over the slave trade, the fugitive slave clause, and the representation of slaves in Congress.
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