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Two Paths to The New South

The Virginia Debt Controversy, 1870-1883

By (author) James Tice Moore
Format: Paperback / softback
Publisher: The University Press of Kentucky, Lexington, United States
Published: 15th Jul 2014
Dimensions: w 152mm h 229mm d 11mm
Weight: 298g
ISBN-10: 0813153646
ISBN-13: 9780813153643
Barcode No: 9780813153643
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Synopsis
In the grim decades after the Civil War, Southerners dreamed of industrial growth and agricultural diversification. In this study, Mr. Moore traces the development and changes that took place in the Old Dominion during these troubled postbellum years. The state's massive debt burden touched off an upheaval, splintering the electorate into competing Funder and Readjuster factions. The Funders, composed largely of the conservative farmers of eastern Virginia and the commercial classes of the towns, were committed to pay off Virginia's prewar debt in full. The Readjusters, drawing their support from the fringe elements of society, sought a more realistic, downward adjustment of the debt.

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