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The Confederate States dollar was first issued just before the outbreak of the American Civil War by the newly formed Confederacy. It was not backed by hard assets, but simply by a promise to pay the bearer after the war, on the prospect of Southern victory and independence. As the Civil War progressed and victory for the South seemed less and ...
The Confederate States of America financed its war effort during the American Civil War through various means, fiscal and monetary. As the war lasted for nearly the entire existence of the Confederacy, military considerations dominated national finance. Early in the war the Confederacy relied mostly on tariffs on imports and on taxes on exports ...
The Confederate federal and state governments spent the equivalent of $1.0 billion in US dollars. The US obtained 21% of the war funding from taxation, 66% from borrowing, and 13% from inflation. By contrast, the Confederacy obtained only 5% from taxation, 35% from borrowing, and 60% from inflation.
1925. The Stone Mountain Memorial half dollar was an American fifty-cent piece struck in 1925 at the Philadelphia Mint. Its main purpose was to raise money on behalf of the Stone Mountain Confederate Monumental Association for the Stone Mountain Memorial near Atlanta, Georgia. Designed by sculptor Gutzon Borglum, the coin features a depiction ...
The main prewar agricultural products of the Confederate States were cotton, tobacco, and sugarcane, with hogs, cattle, grain and vegetable plots. Pre-war agricultural production estimated for the Southern states is as follows (Union states in parentheses for comparison): 1.7 million horses (3.4 million), 800,000 mules (100,000), 2.7 million dairy cows (5 million), 5 million sheep (14 million ...
The Confederate States of America (CSA), commonly referred to as the Confederate States (C.S.), the Confederacy, or the South, was an unrecognized breakaway [ 1 ] republic in the Southern United States that existed from February 8, 1861, to May 9, 1865. [ 8 ] The Confederacy was composed of eleven U.S. states that declared secession and warred ...
Greenbacks were emergency paper currency issued by the United States during the American Civil War that were printed in green on the back. [ 1 ] They were in two forms: Demand Notes, issued in 1861–1862, [ 1 ] and United States Notes, issued in 1862–1865. [ 2 ] A form of fiat money, the notes were legal tender for most purposes and carried ...
t. e. The history of the United States dollar began with moves by the Founding Fathers of the United States of America to establish a national currency based on the Spanish silver dollar, which had been in use in the North American colonies of the Kingdom of Great Britain for over 100 years prior to the United States Declaration of Independence.