The author chronicles how the divisive antagonisms between the North and South, finally erupting in the spring of 1861, were deliberately agitated by great international banking houses with the goal of provoking secession. According to Graham, these private interests fully succeeded and set up a huge financial empire centered on Wall Street, using public debt as the source of their wealth. This watershed book explores the economic causes of the Civil War, revealing how the Civil War would not have happened had it not been planned and fomented by Northern capitalists.
This was an interesting book. The author sets forth persuasive, but certainly not lock-tight, arguments that the civil war was not fought over secession, or slavery, but was a direct result of the rejection of the centralized banking during the Jackson administration. The international high-power money interests inflamed the American people into a war they would have never come close to otherwise. The results were as planned: the US heavily in debt (bond) to the very families and banks that would one day create the Federal Reserve System.
The most interesting part to me was the involvement of the man who's image is printed on our $10k bill. Fascinating.