Search results
Results from the WOW.Com Content Network
The Story of Confederate Currency; Collecting Confederate Paper Money Archived April 17, 2003, at the Wayback Machine; Professional Grading Service; Coin Facts; Mintmark Numismatics, Inc; Photos and descriptions of Confederate Currency in McCune Collection; Boston Athenæum: Paper Currency from the Confederate States of America, Digital Collection
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 ...
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 states and territories included in the United States Census Bureau's statistics for the United States population, ethnicity, and most other categories include the 50 states and Washington, D.C. Separate statistics are maintained for the five permanently inhabited territories of the United States: Puerto Rico, Guam, the U.S. Virgin Islands ...
The Confederate States of America (1861-1865) started with an agrarian-based economy that relied on slave-worked plantations for the production of cotton for export to Europe and to the northern states. If classed as an independent country, the area of the Confederate States would have ranked as the fourth-richest country of the world in 1860. [31]
Christopher Memminger (1803–1888), the first Secretary of Treasury of the Confederate States of America. The South financed a much lower proportion of its expenditures through direct taxes than the North. The share of direct taxes in total revenue for the North was about 20%, while for the South the same share was only about 8%.
Brock, Leslie V. The currency of the American colonies, 1700–1764: a study in colonial finance and imperial relations. Dissertations in American economic history. New York: Arno Press, 1975. ISBN 0-405-07257-0. Ernst, Joseph Albert. Money and politics in America, 1755–1775: a study in the Currency act of 1764 and the political economy of ...
Overall the Northern financial system was highly successful in raising money and turning patriotism into profit, while the Confederate system impoverished its patriots. [132] The United States needed $3.1 billion to pay for the immense armies and fleets raised to fight the Civil War—over $400 million in 1862 alone.