The Confederate Economy: Inflation

The Confederate treasury could probably have raised more gold and silver from the population if it had embarked on a vigorous policy of taxation rather than trying to finance the war through the issuance of bonds. The Confederate treasury indulged, ultimately, in the perilous device of issuing unsupported paper money. In 1861 the treasury issued $100 million in paper Confederate notes and $100 million in 8 percent Confederate bonds. By 1863 the treasury was pumping out $50 million in notes a month. The Confederate public sensed that there was too much money being issued and that it was becoming progressively more worthless. Wits were soon saying, "An oak leaf will be worth just as much as the promise of the Confederate treasury to pay one dollar."

To increase its hard cash reserves, before loosing the flood of paper money on the country, the Confederate Congress made U.S. silver coins legal tender up to $10, and gave full standing, with fixed values stipulated, to English sovereigns, French Napoleons and Spanish and Mexican doubloons. This helped somewhat, and a small treasury shipment in 1862, for example, was made up of the following coins: 28 Spanish dollars, 24 Spanish quarter dollars, 8 Spanish half dollars, 8 English sovereigns, 3 Napoleons, 385 U.S. half dollars and 988 U.S. quarter dollars.

No halfway measures, however, could make up for the mismatch between revenue and the issuance of currency. Many people hoarded their hard money. Less than a month before the final collapse of the government, the Confederate Congress, seeming to believe that there was an abundance of hard money in private hands, passed a law trying to raise $30 million in gold and silver. Other estimates indicate that there may have been $20 million in U.S. coins remaining in the pockets of Confederate civilians. These coins were hoarded and did not come out except in rare instances. A Richmond editor in 1864 wondered why more copper and nickel coins did not make their appearance, "There must be any quantity of them stored away", he observed.

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Alexandria, Virginia in the Civil War

Alexandria and Northern Virginia were the first areas to feel the fury of the Civil War. Alexandria, Virginia was the longest occupied Southern city during the Civil War. The New York Herald war correspondent observed, “Many hamlets and towns have been destroyed during the war, Alexandria has most suffered. It has been in the uninterrupted possession of the Federals. . . . Alexandria is filled with ruined people; they walk as strangers through their ancient streets, and their property is no longer theirs to possess. . . . these things ensued, as the natural results of civil war; and one's sympathies were everywhere enlisted for the poor, the exiled, and the bereaved.”




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Cinema and Immigration

The movies were an important cultural bridge, mediating the immigrant’s transition into broader American culture. The movies were a collective experience where diverse groups experienced the same public phenomenon. Going to the movies was a common bridging experience between groups. The movies also allowed immigrants (and especially immigrant women who were very limited in their interactions with people outside of the family and “neighborhood”) to broaden their experience outside of the family and immigrant group. The movies helped immigrants organize exposure to new cultural experiences in their own terms in a benign environment. The movies also served as the catalyst for breaking down traditional immigrant norms among the younger generation who were now exposed to a broader range of options.

Cinema and other forms of mass communications helped to define the public and public opinion. In an earlier time this had been the province of the written word, but emerging technologies made “public spaces” (opinions about common ideas) accessible to virtually everyone. To be a public figure was to be someone who was before the public in a mass communications format. The public person (movie star, commentator, politician) because of his public presence came to define the norms, symbols, and values of the society. The consumption of the products of the mass media constructed the mass public.



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The Principles of Scientific Management

The Principles of Scientific Management (Forgotten Books)
By Frederick W. Taylor

The so called notion of “Taylorism” underlined the clash between the norms of largely rural family and community based institutions, and the rigorous, impersonal demands of labor and social discipline imposed by an industrializing America.

Taylors’s work glorifies the notion of labor discipline in the cause of maximum productivity (which he justifies as economically good for both the worker and the employer). The three elements of scientific management are: (1) standardization of tools and processes, (2) selection of the most capable workers, and (3) close supervision of the worker to ensure that the worker executes the previously management approved “one best way” of doing the job. Taylor’s critics decried scientific management for de-humanizing workers, making them nothing more than interchangeable parts in a giant industrial machine.

The emergence of consumerism served to mask the transformation of the worker from person to commodity and tempered resistance to labor discipline.




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Beyond Ethnicity: Book Review

Beyond Ethnicity: Consent and Descent in American Culture
By Werner Solors

Sollors uses American literature/culture to explain the continuous process of revitalization of the concept of Americanism” as new ethnic groups are assimilated into the existing mainstream. As new groups are assimilated they simultaneously modify the very nature of Americanism.

Sollors argues that there are two legitimizing strains in the formation of “Americanism”, one being descent and the other being consent. There is (and always has been) a tension between Americans who feel that they are legitimate Americans by right of birth and descent and those who feel that they are equally legitimate because they have chosen (consented) to be Americans. This tension is reflected in literature and culture. Sollors argues that it is cultural medium that provide a place for mediation between group norms and the socialization of new groups into the codes of American-ness. Sollors argues that the sense of national kinship between Americans is created by a process of cultural mediation. Forms, symbols and language do much to forge national identity. Out of a shared symbolic language ( the acceptance of the symbolic meaning for events) emerges a middle ground for the immigrant between assimilation (complete surrender to the new culture) and ossification (refusal to abandon Old World identification).

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