Cleveland in The American Civil War - Economic Impact of The War

Economic Impact of The War

The Civil War years brought an economic boom to Cleveland. The city made the transition from a small town to an industrial giant. Railroad iron and gun-carriage axles were manufactured for military use. Due to the cutoff of Southern trade, Cleveland opened its first tobacco factory, T. Maxfield & Co., in 1862. The city's garment industry also began to prosper. The German Woolen Factory (also in 1862) became the first company to manufacture wool cloth in Cleveland. By 1865, its banks held $2.25 million in capital and $3.7 million in deposits. In 1863, 22% of all U.S. warships built for use on the Great Lakes were built in Cleveland. That figure increased by 1865 to 44%.

Civilian aid to the military centered around establishment and maintenance of the Soldiers' Aid Society of Northern Ohio (1861), the U.S. General Hospital (1862), Camp Taylor (1861), and Camp Cleveland (1862). Food, blankets, and reading material were provided by citizens to recruits at both military camps until government stores and equipment could be distributed.

Read more about this topic:  Cleveland In The American Civil War

Famous quotes containing the words economic, impact and/or war:

    “The Federated Republic of Europe—the United States of Europe—that is what must be. National autonomy no longer suffices. Economic evolution demands the abolition of national frontiers. If Europe is to remain split into national groups, then Imperialism will recommence its work. Only a Federated Republic of Europe can give peace to the world.”
    —Leon Trotsky (1879–1940)

    “If the federal government had been around when the Creator was putting His hand to this state, Indiana wouldn’t be here. It’d still be waiting for an environmental impact statement.”
    —Ronald Reagan (b. 1911)

    “Soldier, there is a war between the mind
    And sky, between thought and day and night. It is
    For that the poet is always in the sun,
    Patches the moon together in his room
    To his Virgilian cadences, up down,
    Up down. It is a war that never ends.”
    —Wallace Stevens (1879–1955)