

The government had no authority to raise taxes, no federal bank, no currency. Even before the Confederacy’s secession, the United States Treasury had run out of money. Upon his election to the presidency, Abraham Lincoln inherited a country in crisis. Lowenstein is a lucid stylist, able to explain financial matters to readers who lack specialized knowledge.” -Eric Foner, New York Times Book Reviewįrom renowned journalist and master storyteller Roger Lowenstein, a revelatory financial investigation into how Lincoln and his administration used the funding of the Civil War as the catalyst to centralize the government and accomplish the most far-reaching reform in the country’s history “ Ways and Means, an account of the Union’s financial policies, examines a subject long overshadowed by military narratives. makes what subsequently occurred at Treasury and on Wall Street during the early 1860s seem as enthralling as what transpired on the battlefield or at the White House.” -Harold Holzer, Wall Street Journal “Lowenstein delivers a fine account of a crucial yet overlooked aspect of the American Civil War.“Captivating. this is a must-read for American history buffs.” informs this fresh look at the president’s essential Republican roots as a self-made man, rather than slaveholder, and belief that anyone could be successful in America.” “His experience writing about financial matters. Harold Holzer in the Wall Street Journal Lowenstein makes what occurred at Treasury and on Wall Street during the early 1860s seem as enthralling as what transpired on the battlefield or at the White House.” Ways and Means, an account of the Union’s financial policies, examines a subject long overshadowed by military narratives.” Liaquat Ahamed, author of Lords of Finance Ways and Means is a tour de force of narrative history that provides a novel and original perspective on our greatest President.” It also tells the deeper story of how Lincoln forged a new economic union, even as he was remaking the political union.

Chase, successfully won the financial war against the South. “Roger Lowenstein gives a gripping account of how Lincoln and his secretary of Treasury, Salmon P. This volume will certainly rank as the classic treatment of the subject for a very long time to come.”

“Lowenstein has delivered an outstanding contribution to the rich literature on the Civil War. Winner of the Harold Holzer Lincoln Forum Book PrizeĪ revelatory financial investigation into how Lincoln and his administration used the funding of the Civil War as the catalyst to centralize the government and accomplish the most far-reaching reform in the country’s history.
