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How the Civil War Created the Modern Economy

July 3, 2017

During the Civil War, more Americans died than in any other war the U.S. has ever been involved in. Funding the war also took a toll on the economy with the national debt rising 40 times over the pre-war levels. Congress was forced to pass historic laws and come up with new taxes to pay the cost of war and rebuild the country. These laws permanently changed the federal budget and U.S. economy.

Spotlight

California State Lottery

The Lottery was created by a ballot measure, Proposition 37, which was approved by 58 percent of voters on Nov. 6, 1984. The Lottery Act gave the Lottery a clear mission: to provide supplemental funding for public schools and colleges.

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How the Civil War Created the Modern Economy