Abstract

As this volume makes clear, the Civil War extended beyond the USA. One of the most important overseas battlegrounds took place on British and European money markets, where the cash-strapped Union and Confederate governments sought foreign capital. Statesmen in Washington and Richmond also hoped that a successful foreign loan would lend credibility to their respective causes by establishing abroad a politically influential group of bondholders. “I think every bond sold on this side of the water becomes a bond of sympathy,” Union financial agent to Britain William Aspinwall declared in 1863.1 The international financial dimension of the Civil War thus merged with its political and diplomatic ones.

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