288 pp., 6.125 x 9.25, 12 halftones, 4 tables, appends., notes, bibl., index
Paperback ISBN: 978-1-4696-6661-7
Published: April 2022
Hardcover ISBN: 978-1-4696-6660-0
Published: April 2022
eBook ISBN: 978-1-4696-6662-4
Published: February 2022
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Awards & distinctions
2023 Wiley-Silver Prize, Center for Civil War Research
Honorable Mention, 2023 Civil War and Reconstruction Book Award, Organization of American Historians
This fascinating work of financial and political history during the Civil War era shows how the marketing and sale of bonds crossed the Atlantic to Europe and beyond, helping ensure foreign countries’ vested interest in the Union’s success. Indeed, David K. Thomson demonstrates how Europe, and ultimately all corners of the globe, grew deeply interdependent on American finance during, and in the immediate aftermath of, the American Civil War.
About the Author
David K. Thomson is assistant professor of history at Sacred Heart University.
For more information about David K. Thomson, visit the Author Page.
"Bonds of War remind[s] us that the Civil War energized the nation’s transformation from a modest and decentralized economic actor into the global juggernaut of the twentieth and twenty-first centuries. . . . Impressive research . . . Thomson also offers a fascinating snapshot of the European trade in American bonds."—New York Review of Books
"A fascinating foray into the world of Civil War finance and the beginnings of modern America's financial markets."—HistoryNet
"Thomson weaves a compelling thread of the bonds representing a democratization of a war effort, in contrast to past wars being funded by financial elites."—Emerging Civil War
"A carefully researched, well written, and deeply persuasive book. . . . By centering securities, Thomson reveals how Civil War debt played a crucial role in shaping the modern financial landscape."—H-CivWar
"This book is deeply researched, nuanced in its arguments, and original in its conception. It is destined to become an essential source on both Civil War finance and the development of American financial markets more broadly."—Sharon Ann Murphy, Providence College
"Thomson’s important book, based upon impressive research in archives around the world, is a must-read for historians interested in how financial markets work and how investors give meaning to their transactions."—Brian Luskey, West Virginia University