Intrinsic Value: Finance and politics made clear
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Ways and Means
Lincoln and His Cabinet and the Financing of the Civil War
Winner of the Harold Holzer Lincoln Forum Book Prize
A revelatory financial investigation into how Lincoln and his administration used the funding of the Civil War as the catalyst to centralize the government and accomplish the most far-reaching reform in the country’s history.
Lowenstein has delivered an outstanding contribution to the rich literature on the Civil War. . . . This volume will certainly rank as the classic treatment of the subject for a very long time to come.
Ron Chernow, author of Grant
Roger Lowenstein gives a gripping account of how Lincoln and his secretary of Treasury, Salmon P. Chase, successfully won the financial war against the South. It also tells the deeper story of how Lincoln forged a new economic union, even as he was remaking the political union. Ways and Means is a tour de force of narrative history that provides a novel and original perspective on our greatest President.
Liaquat Ahamed, author of Lords of Finance
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Latest Reviews
Engaging history ... timely reading
Nonfiction writing at its best
Lowenstein is a lucid stylist. . . . Ways and Means, an account of the Union’s financial policies, examines a subject long overshadowed by military narratives.
Captivating . . . Mr. Lowenstein makes what occurred at Treasury and on Wall Street during the early 1860s seem as enthralling as what transpired on the battlefield or at the White House.
enlightening work of economic history
His experience writing about financial matters . . . informs this fresh look at the president’s essential Republican roots as a self-made man, rather than slaveholder, and belief that anyone could be successful in America.
Masterful history . . . character-driven narrative . . . fascinating . . . this is a must-read for American history buffs.
Lowenstein delivers a fine account of a crucial yet overlooked aspect of the American Civil War.
About
Roger Lowenstein
Roger Lowenstein reported for The Wall Street Journal for more than a decade. His work has appeared in The Wall Street Journal, Bloomberg, The New York Times, the Washington Post, Fortune, Atlantic, the New York Review of Books, and other publications. His books include the NYT bestsellers Buffett, When Genius Failed, and The End of Wall Street, and the critically acclaimed Origins of the Crash, While America Aged, and America’s Bank.