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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 ...
Both the individual Confederate states and later the Confederate government printed Confederate States of America dollars as paper currency in various denominations, with a total face value of $1.5 billion. Much of it was signed by Treasurer Edward C. Elmore. Inflation became rampant as the paper money depreciated and eventually became worthless.
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 economic history of the American Civil War concerns the financing of the Union and Confederate war efforts from 1861 to 1865, and the economic impact of the war. The Union economy grew and prospered during the war while fielding a very large Union Army and Union Navy. [1]
— Charles W. Ramsdell While the general political sentiment in the Confederacy was reluctance toward government involvement in private business, the exigencies of the war forced the Confederate government to exert a strong control over industry related to war aims. The bureau of conscription, empowered by the Conscription Acts of 1862 and 1864, dispensed exemptions to those in industry, if ...
The Constitution of the Confederate States was the supreme law of the Confederate States of America. It superseded the Provisional Constitution of the Confederate States, the Confederate State's first constitution, in 1862. [1] It remained in effect until the end of the American Civil War in 1865. The original Provisional Constitution is ...
The Confederate States Congress was both the provisional and permanent legislative assembly of the Confederate States of America that existed from 1861 to 1865. Its actions were, for the most part, concerned with measures to establish a new national government for the Southern proto-state, and to prosecute a war that had to be sustained throughout the existence of the Confederacy.
Confederate President Jefferson Davis made many of his initial selections to the Cabinet on the basis of political considerations; his choices "Were dictated by the need to assure the various states that their interests were being represented in the government." [3] Moreover, much Confederate talent went into the military rather than the ...