Presidents -- United States -- Messages; United States -- Politics and government -- Sources
These statistics further show that in 1791 the annual national
expenses, compared with the population, were little more than $1 per
capita, and in 1860 but $2 per capita; while in 1869 they will reach
the extravagant sum of $9.78 per capita.
It will be observed that all these statements refer to and exhibit the
disbursements of peace periods. It may, therefore, be of interest to
compare the expenditures of the three war periods--the war with Great
Britain, the Mexican War, and the War of the Rebellion.
In 1814 the annual expenses incident to the War of 1812 reached their
highest amount--about thirty-one millions--while our population
slightly exceeded 8,000,000, showing an expenditure of only $3.80 per
capita. In 1847 the expenditures growing out of the war with Mexico
reached fifty-five millions, and the population about 21,000,000,
giving only $2.60 per capita for the war expenses of that year. In 1865
the expenditures called for by the rebellion reached the vast amount of
twelve hundred and ninety millions, which, compared with a population
of 34,000,000, gives $38.20 per capita.
From the 4th day of March, 1789, to the 30th of June, 1861, the entire
expenditures of the Government were $1,700,000,000. During that period
we were engaged in wars with Great Britain and Mexico, and were
involved in hostilities with powerful Indian tribes; Louisiana was
purchased from France at a cost of $15,000,000; Florida was ceded to us
by Spain for five millions; California was acquired from Mexico for
fifteen millions, and the territory of New Mexico was obtained from
Texas for the sum of ten millions. Early in 1861 the War of the
Rebellion commenced; and from the 1st of July of that year to the 30th
of June, 1865, the public expenditures reached the enormous aggregate
of thirty-three hundred millions. Three years of peace have intervened,
and during that time the disbursements of the Government have
successively been five hundred and twenty millions, three hundred and
forty-six millions, and three hundred and ninety-three millions. Adding
to these amounts three hundred and seventy-two millions, estimated as
necessary for the fiscal year ending the 30th of June, 1869, we obtain
a total expenditure of $1,600,000,000 during the four years immediately
succeeding the war, or nearly as much as was expended during the
seventy-two years that preceded the rebellion and embraced the
extraordinary expenditures already named.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account