Noll, Franklin - Volkswirtschaftliche Fakultät, … - 2012
concluded Civil War, leading, in part, to the passage of a Constitutional Amendment ensuring the “validity of the public debt ….” However, the Civil War debt crisis was not a financial one, but a political one. The Republican and Democratic Parties took … generated during the period: a repudiation crisis (grounded upon fears of the cancellation of the war debt), a repayment crisis …