War Trend from Burdekin and Langdana (1993)¶
| name: | burdekin_langdana_war_trend |
|---|---|
| path: | burdekin_langdana_war_trend.csv |
| format: | csv |
War Trend variable used in Burdekin and Langdana (1993) “War Finance in the Southern Confederacy, 1861-1865”, Explorations in Economic History
They classify each quarter of the war as either neutral (0), bad for the Confederacy (-1), or good for the Confederacy (+1). All quarter are classified as 0 except
- +1 for 1863Q3: victory of Chancelorsville aand advance of Lee’s army into Maryland and Pennsylvania
- -1 for 1862Q2: Richmond threatened by McClellan during the Peninsular campaign
- -1 for 1863Q4 and 1864Q1: Aftermath of Gettysburg and Vicksburg
Their clasification was based on the qualitative accounts of crises of confidence in Schwab (1901), The Confederate States of America, 1861-1865. The variable is set to 0 in 1864Q2 and 1864Q3 because the Northern offensive stalls at the start of the year, and the northern Democratic party’s nominates of McClellan.
Sources: [BurdekinLangdana1993]