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The Confederate dollar, often called a "Greyback", was first issued into circulation in April 1861, when the Confederacy was only two months old, and on the eve of the outbreak of the Civil War. At first, Confederate currency was accepted throughout the South as a medium of exchange with high purchasing power.
By the war's end, its price had dropped to 1.7 cents. [2] Overall, prices in the South increased by more than 9000% during the war, averaging about 26% a month. [ 3 ] The Secretary of the Treasury of the Confederate States , Christopher Memminger (in office 1861–1864), was keenly aware of the economic problems posed by inflation and loss of ...
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 ...
Sterling Price. Sterling Price (September 14, 1809 – September 29, 1867) was an American politician and military officer who was a senior officer of the Confederate States Army, fighting in both the Western and Trans-Mississippi theater of the American Civil War.
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 ...
Contents. Economic history of the American Civil War. 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 ]
Civil War token. Hart's Arcade Civil War Store Card, 945A-1a. Civil War tokens are token coins that were privately minted and distributed in the United States between 1861 and 1864. They were used mainly in the Northeast and Midwest. The widespread use of the tokens was a result of the scarcity of government-issued cents during the Civil War.
Confederate gold refers to hidden caches of gold lost after the American Civil War. Millions of dollars' worth of gold was lost or unaccounted for after the war, and its possible location has been the source of speculation of many historians and treasure hunters. Allegedly, some of the Confederate treasury was hidden in order to wait for the ...