▽EconLog: Library of Economics and Liberty ●04/29 08:13 Economic HistoryCrisis and Leviathan: The Federal Government in the Civil WarBy John Phelan | Apr 28, 2025 | 5When the Civil War broke out in 1861, the federal government, like any government in any situation, had three sources of money: taxing, borrowing, or printing. Taxing The federal government was much more successful than its Confederate counterpart in funding the war via taxatio