As the war continued, New Haven, which was originally a depression in the port, began to flourish.

Each factory is working hard to start construction, and almost all factories have the need for expansion.

Recruitment notices are also hung everywhere and the requirements are very low.

As long as you have hands and feet, you can find a job, and your salary will not be low as long as you work hard.

For these people, they began to support President Abraham Lincoln.

Because, without comparison, there is no harm, and without comparison, there is no gratitude.

They still remember what kind of life they lived before.

However, I don’t understand the booming heavy industry in the coastal areas. The more inland areas are in a bleak cloud.

First of all, the main railway road has not yet been built here.

Therefore, bulk goods other than agricultural products are almost insulated from them here.

Meanwhile, because a large number of soldiers were sacrificed on the front line, President Abraham Lincoln signed a decree.

What kind of law is this?

All young and middle-aged people aged 20 to 40 will be recruited by themselves if necessary.

If you refuse to call, you will have to pay a fine of two dollars.

If the fine cannot be paid, you must go to the call.

Originally, when this news appeared, almost everyone thought there was something wrong with President Lincoln's mind.

Because, as a small government, how could the US government issue such mandatory laws?

Because, once such mandatory laws are issued, if they are not implemented properly, a problem will occur.

That is - the government's credibility is lost.

Once this happens, it means that the government no longer has any power to speak, and no one will listen to you anymore.

And this is definitely a big crisis for rule.

However, those who doubt that there is something wrong with the Lincoln administration's thinking is the problem.

Because they have been peaceful for a long time, they have not realized one thing.

What's going on?

It is now the wartime system is implemented.

As the name suggests, the wartime system is the system implemented during wartime.

This is a state similar to an emergency mobilization.

Under such circumstances, the US federal government, which was originally just a small government, will rapidly expand the scope of authorization.

The most important thing is that the federal government can order the army to assist in completing various instructions.

The conscription teams transferred back from the front line were not civilized or reasonable at all.

As I said just now, the northeastern coast of the United States, that is, the New England region, has begun to regain prosperity in this war.

Although two dollars are a lot for them, they are not something that cannot be made up.

In order to ensure their operating rates, some factories will even pay loans to their workers in various ways.

Let them pay the money they want and then owe themselves money.

In this way, you don't even have to pay your salary.

And, there are reasons to make workers work hard, why not?

Unfortunately, it is very uncomfortable for the inland small town station.

They just want to find business owners who can sell themselves, but they can't find them.

And, those veterans who came back from the front line.

Under the instruction of the federal government, a sudden attack would be blocked, blocking the traffic routes of small towns and capturing all the young and middle-aged people in the town.

If there is a ransom of two dollars, you can get freedom.

If not, you will be enlisted.

Such policies have caused a great rebound, and some even think that this is unconstitutional.

General Sherman, the leader of the U.S. Federal Army, said in a public speech, "Don't ask the country what it can do for you, but ask what it can do for you!"

Of course, this sentence was not thought out by General Sherman himself.

Everyone's attention is focused on this unprecedented call.

What no one realizes is the rapid expansion of Bank of America.

Almost any small city with a population of more than one thousand.

No matter how much business this small city has or whether it will lose money, Bank of America will at least open a business point here.

In addition, the business site provides exchange of US dollar metal currency and US banknotes.

Moreover, it is often near Bank of America, and a department store will be opened.

And this department store is always cheaper to buy things with US bank coupons than to buy medicine with metal coins.

While taking advantage, these people saw the name Bank of America.

Gradually, they regarded American banknotes as US dollars.

And regard Bank of America as a bank of the US government.

After all, even the soldiers who came back from the front line were so vicious that they used American bank coupons to buy things.

As for those American soldiers, the reason why they spend American banknotes is definitely not because they agree with American Bank of America.

But because their allowances are the only ones in the United States Bank coupons.

They actually prefer the metal dollar. After all, the real weight makes people feel more at ease.

However, metal US dollars are not issued at all, and even if they are found to be exchanged privately, they will face severe punishment.

General Sherman said this is because the metal dollar is too heavy and will affect the troops' offense.

He said this, and the soldiers in the north believed it.

Even, gradually, they became really used to using American banknotes and regarded them as US dollars.

And the reason why their military pay is this kind of green bank voucher.

It is definitely not because the weight of money will affect tactical movements.

It’s because the northern government has no money anymore.

It's interesting to say, how could the government have no money?

Using modern superficial economic common sense, you will know one thing, that is, only when the commodities circulating on the market match the currency is the most ideal state.

However, a metal monetary system based on gold and silver coins.

Perhaps it is sufficient at a certain time.

However, most of the time, there is a problem.

The problem is that with the expansion of the economic scale, there are only so many gold coins and gold coins.

The prices of assets on the market will fall, and companies will even stop production in order to ensure profits.

If such a situation continues to develop, an economic crisis of deflation will occur.

If it were normal, you might be able to wait quietly for such a crisis to end or develop further.

But now it is in wartime.

President Abraham has a lot of worries about this.

Until Doug pointed out a clear path to him, he was asked to issue a credit currency, a currency that was entirely based on the credit of the northern government.

However, Lincoln's team of staff carefully studied the Constitution.

It was found that there was no article in the Constitution that authorized the government to issue currency.

At this time, Doug proposed a second solution.

That is, the US federal government borrows from Bank of America, and Bank of America prints US banknotes to pay the loan.

This loan is secured by the credit of the US federal government, or taxes for the next year.

After the expiration of one year, the federal government can choose to use metal dollars or U.S. banknotes to repay debts.

While borrowing this, the US federal government obtained a large amount of currency out of thin air.

Lincoln's aides, after learning about this solution, were about to blow up the Bank of America in an instant.

The reason why they were so excited was that on the one hand, although Doug was operating, and on the other hand, with the development of the war, the north was really short of money.

Although, some funds can be raised from the market in the form of issuing government bonds.
To be continued...