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Confederate Treasury Notes were ultimately issued in 50¢, $1, $2, $5, $10, $20, $50, $100, $500, and $1,000 denominations with a variety of designs, issuers, and redeemable obligations. The amount of currency issued under the various acts of the Confederate Congress totaled $1 .7 billion.
The Confederate Conscription Acts, 1862 to 1864, were a series of measures taken by the Confederate government to procure the manpower needed to fight the American Civil War. The First Conscription Act, passed April 16, 1862, made any white male between 18 and 35 years old liable to three years of military service.
The '5 cent bill from 1861 was among the smallest denomination bills printed during the confederacy of North Carolina. It was also one of the smallest physical bills, measuring approximately 3" by 1 5/8". [citation needed]. By 1863 barter was replacing currency and a tenpenny nail was used in place of this note. [1]
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The Confederate Constitution omitted the phrase "emit Bills of Credit" from Article 1 Section 10 of the U.S. Constitution, which denied the states the right to issue such bills of credit. Article I Section 10(1) No State shall enter into any treaty, alliance, or confederation; grant letters of marque and reprisal; coin money; make anything but ...
In February 1862, he acquired a sample of Confederate money and quickly started producing his own counterfeits. His first printing consisted of 3,000 five-dollar notes, each stamped at the bottom with the words, "Fac-simile Confederate Note – Sold wholesale and retail by S.C. Upham 403 Chestnut Street, Philadelphia."