What would you call it then? And why were obligations magically done away with just by walking out? The debt was run up when the state was a part of the Union. Property was owned by the federal government or, if you want to look at it another way, by the states collectively. What magically transferred ownership, without compensation, to the states that were leaving?
Yes. If the North thought they wanted financial restitution from the South, they could have come to them with it. Instead, it was belligerence and war.
Ah, I see. And we're supposed to believe that the Confederacy was interested in paying after the fact when they weren't interested in paying before leaving?
Tell you what. Turn over your house to me, plus your car and all your furnishings. Sign them over to me and once you do that we'll discuss payment. I'll give you a fair price, I promise. Deal?
They didn't. The North stated plainly they had no intention of a peaceful succession.
Nonsense to both. The South did start the war by firing on Sumter. And prior to that the North had done nothing to indicate any hostile intent. Unless you can point it out to me.