Financial Fraud and Guerrilla Violence in Missouri's Civil War, 1861-1865

by Mark W. Geiger

Overview

Winner of the 2011 Tom Watson Brown Book Award

An award-winning exploration of a Civil War financial conspiracy in Missouri—and its reverberations today

In this original work, Mark W. Geiger explores the impact of a previously unknown financial conspiracy in Civil War–era Missouri, a sham-loan scheme that devastated the state’s planter elite, caused a revolution in land ownership, and fueled a ferocious insurgency in the state.  

Geiger’s book—the first detailed study of the grassroots nature of financing for military mobilization in the American Civil War—shows how Missouri’s ill-conceived plan has affected the political direction of the state to this day.  

Product Details

ISBN-13:	9780300151527
Publisher:	Yale University Press
Publication date:	07/27/2010
Series:	Yale Series in Economic History
Sold by:	Barnes & Noble
Format:	eBook
File size:	4 MB

About the Author

Mark W. Geiger is an Honorary Research Fellow at the University of Sydney and will also be a Kluge Fellow at the John W. Kluge Center at the Library of Congress for the 2011–12 academic year.

What People are Saying About This

Gavin Wright

In this remarkable new book, Mark Geiger uncovers an audacious financial conspiracy that has eluded previous historians, to divert funds from the banks of Missouri to arm rebel military forces at the outbreak of the Civil War. The disastrous consequences stretched far into the postwar era, as documented by Geiger's meticulous research. This is first-rate economic and social history, and it also happens to be a cracking good story.(Gavin Wright, author of Slavery and American Economic Development)

T.J. Stiles

In American memory, the Civil War was fought on fields of honor, where armies met in formal battles under such icons as Grant and Lee. But in the border state of Missouri, far from Gettysburg and Shiloh, a bitter guerrilla conflict turned neighbor against neighbor in a spiral of atrocities and martial law. Unfortunately, our understanding of that terrible episode has long been shaped by unquestioned assumptions and comforting legends—many involving Frank and Jesse James, who fought as Confederate guerrillas. Now Mark Geiger, through startlingly original research, provides a provocative new perspective on Missouri's Civil War. A fascinating study that historians will find impossible to ignore.(T.J. Stiles, author of Jesse James: Last Rebel of the Civil War and The First Tycoon: The Epic Life of Cornelius Vanderbilt, winner of the National Book Award)

Mark Neely

This is an important book, period. Geiger persuasively explains the intensity of guerrilla conflict in Missouri. No one knew about the financial frauds that lay at the heart of Missouri's guerrilla problem until Geiger discovered the evidence of it in obscure county court records and reached his astounding conclusion: financial schemes to lend money to the Confederacy from Missouri banks bankrupted the planter aristocracy of the state and made the sons of the planters a desperate class from which to recruit the bitterest and most destructive guerrillas in America's Civil War. In short, this is one of the finest monographs on the Civil War I have read in twenty-five years.(Mark Neely, Professor of the History of the Civil War Era, Penn State University and winner of the 1992 Pulitzer Prize in history for The Fate of Liberty: Abraham Lincoln and Civil Liberties)

Naomi R. Lamoreaux

This study bridges financial, political, social, and Civil War history in an exciting, creative way. Using as his jumping off point a series of law suits filed in Missouri during the Civil War to recover bank loans granted to Confederate sympathizers, Geiger is able to map the spread of both the “market revolution” and slavery through the region, shed new light on the politics of this important border state, illuminate the techniques used by both the North and the South to finance the Civil War in its early stages, and explain the unique course of the war and its aftermath in the region—the vigor of the guerilla movement in Missouri and the failure of elite planters to reestablish their dominance.(Naomi R. Lamoreaux, Professor of Economics, History, and Law, University of California, Los Angeles)

Editorial Reviews

Strikingly fresh . . . , heavily researched and fully documented, Geiger breaks much new ground in his eye-opening description of the previously unknown bank fraud and in his wider evaluations of how it shaped the conflict. Along the way he offers additional food for thought about how Civil War–era states initially paid for the war. Geiger has written a significant book that students of the Civil War state, or the insurgents who disrupted it, must consider.”—Kenneth W. Noe, American Historical Review

“An impressively inventive and provocative first book.”—Civil War Book Review

“On occasion one comes across a historical monograph so precise in its research design, so imaginative in its search for documentation, so innovative in its making connections between social and economic developments, and so evocative in its implications that one is left nearly wordless. Such is the work that Mark W. Geiger has produced, one that answers a myriad of questions about the abnormal amount of guerrilla activity in Missouri during the Civil War. . . . This superior book will have to be read by scholars of the Civil War era, of Missouri history, of guerrilla warfare, and of political economy. Geiger’s work answers many questions about Missouri’s experience in the Civil War and actually uncovers a chapter in financial history that no one else has even hinted at.”—James L. Huston, Journal of Southern History

“The most original book about the Civil War in the last several years. . . . A delight to read. This is what historians do when they’re on their game.”—Gerald Prokopowicz, host of Civil War Talk Radio

“A groundbreaking study in economic and social history.”—Journal of Interdisciplinary History

Winner of the 2011 Tom Watson Brown Book Award, awarded by the Society of Civil War Historians

Winner of the 2011 Francis B. Simkins Award, presented by the Southern Historical Association

Honorable Mention for the 2011 Lincoln Prize, awarded by Gettysburg College and the Gilder Lehrman Institute of American History

“In this remarkable new book, Mark Geiger uncovers an audacious financial conspiracy that has eluded previous historians, to divert funds from the banks of Missouri to arm rebel military forces at the outbreak of the Civil War. The disastrous consequences stretched far into the postwar era, as documented by Geiger’s meticulous reseearch. This is first-rate economic and social history, and it also happens to be a cracking good story.”—Gavin Wright, author of Slavery and American Economic Development

“This is an important book, period. Geiger persuasively explains the intensity of guerrilla conflict in Missouri. No one knew about the financial frauds that lay at the heart of Missouri’s guerrilla problem until Geiger discovered the evidence of it in obscure county court records and reached his astounding conclusion: financial schemes to lend money to the Confederacy from Missouri banks bankrupted the planter aristocracy of the state and made the sons of the planters a desperate class from which to recruit the bitterest and most destructive guerrillas in America’s Civil War. In short, this is one of the finest monographs on the Civil War I have read in twenty-five years.”—Mark Neely, winner of the 1992 Pulitzer Prize in history for The Fate of Liberty: Abraham Lincoln and Civil Liberties

“This study bridges financial, political, social, and Civil War history in an exciting, creative way. Using as his jumping off point a series of law suits filed in Missouri during the Civil War to recover bank loans granted to Confederate sympathizers, Geiger is able to map the spread of both the ‘market revolution’ and slavery through the region, shed new light on the politics of this important border state, illuminate the techniques used by both the North and the South to finance the Civil War in its early stages, and explain the unique course of the war and its aftermath in the region—the vigor of the guerilla movement in Missouri and the failure of elite planters to reestablish their dominance.”—Naomi R. Lamoreaux, University of California, Los Angeles

“In American memory, the Civil War was fought on fields of honor, where armies met in formal battles under such icons as Grant and Lee. But in the border state of Missouri, far from Gettysburg and Shiloh, a bitter guerrilla conflict turned neighbor against neighbor in a spiral of atrocities and martial law. Unfortunately, our understanding of that terrible episode has long been shaped by unquestioned assumptions and comforting legends—many involving Frank and Jesse James, who fought as Confederate guerrillas. Now Mark Geiger, through startlingly original research, provides a provocative new perspective on Missouri’s Civil War. A fascinating study that historians will find impossible to ignore.”—T. J. Stiles, author of Jesse James: Last Rebel of the Civil War and The First Tycoon: The Epic Life of Cornelius Vanderbilt, winner of the National Book Award

From the Publisher

"This is an important book, period. Geiger persuasively explains the intensity of guerrilla conflict in Missouri. No one knew about the financial frauds that lay at the heart of Missouri's guerrilla problem until Geiger discovered the evidence of it in obscure county court records and reached his astounding conclusion: financial schemes to lend money to the Confederacy from Missouri banks bankrupted the planter aristocracy of the state and made the sons of the planters a desperate class from which to recruit the bitterest and most destructive guerrillas in America's Civil War. In short, this is one of the finest monographs on the Civil War I have read in twenty-five years."—Mark Neely, Professor of the History of the Civil War Era, Penn State University and winner of the 1992 Pulitzer Prize in history for The Fate of Liberty: Abraham Lincoln and Civil Liberties

Mark Neely

Winner of the 2011 Francis B. Simkins Award, as given by the Southern Historical Association.

Southern Historical Association - Francis B. Simkins Award

Won Honorable Mention for the 2011 Lincoln Prize awarded by Gettysburg College and the Gilder Lehrman Institute of American History

Gettysburg College and the Gilder Lehrman Institute of American History - 2011 Lincoln Prize Honorable Mention

"In this remarkable new book, Mark Geiger uncovers an audacious financial conspiracy that has eluded previous historians, to divert funds from the banks of Missouri to arm rebel military forces at the outbreak of the Civil War. The disastrous consequences stretched far into the postwar era, as documented by Geiger's meticulous research. This is first-rate economic and social history, and it also happens to be a cracking good story."—Gavin Wright, author of Slavery and American Economic Development

Gavin Wright

This study bridges financial, political, social, and Civil War history in an exciting, creative way. Using as his jumping off point a series of law suits filed in Missouri during the Civil War to recover bank loans granted to Confederate sympathizers, Geiger is able to map the spread of both the “market revolution” and slavery through the region, shed new light on the politics of this important border state, illuminate the techniques used by both the North and the South to finance the Civil War in its early stages, and explain the unique course of the war and its aftermath in the region—the vigor of the guerilla movement in Missouri and the failure of elite planters to reestablish their dominance.”—Naomi R. Lamoreaux, Professor of Economics, History, and Law, University of California, Los Angeles

Naomi R. Lamoreaux

"In American memory, the Civil War was fought on fields of honor, where armies met in formal battles under such icons as Grant and Lee. But in the border state of Missouri, far from Gettysburg and Shiloh, a bitter guerrilla conflict turned neighbor against neighbor in a spiral of atrocities and martial law. Unfortunately, our understanding of that terrible episode has long been shaped by unquestioned assumptions and comforting legends—many involving Frank and Jesse James, who fought as Confederate guerrillas. Now Mark Geiger, through startlingly original research, provides a provocative new perspective on Missouri's Civil War. A fascinating study that historians will find impossible to ignore."—T.J. Stiles, author of Jesse James: Last Rebel of the Civil War and The First Tycoon: The Epic Life of Cornelius Vanderbilt, winner of the National Book Award

T.J. Stiles

The most original book about the Civil War in the last several years […] It was a delight to read. This is what historians do when they're on their game.”— Gerald Prokopowicz, host of Civil War Talk Radio

Gerald Prokopowicz

"An impressively inventive and provocative first book."—Civil War Book Review

Civil War Book Review