The civil war exhibited one of the classic hyperinflations of history with confederate notes becoming worthless by the end of the war. But interestingly inflation was not a straight line to infinity. Confederate notes provided an excellent lesson in how money supply affects currency value. The Char...
From the very beginning, the Confederacy was in bad financial condition, lacking in both specie and banks. It had difficulty in negotiating loans and was forced to finance its operations through issues of paper money, which by 1864 reached $1 billion in face value, more than twice that of ...
The final release of Confederate States dollar notes came in 1864. These notes were part of the 7thSeries notes issued by the Confederacy and included many of the denominations first issued from 1861. One of the original figures to feature on Confederate money was the lone President of the Con...
issued currency to Southerners between 1861-1865, gambling that a Confederate victory in the U.S. Civil War would ensure the bills' value. Forge... CSO America,Money,SH War - 《Rice University》 被引量: 0发表: 0年 Random House for High School Teachers | Catalog | Confederate Currency ...
After the Civil War broke out in 1861, the newly established Confederate government began to issue its own money as legal tender to the citizens of the South. The 1st note from the Government of the Confederate States of America was issued in April of 1861. Notes were issued for the next...
needed to raise money to finance their huge war effort. The two primary ways to do this was by taxes and debt. Confederate Secretary of the Treasury Christopher G. Memminger assumed his duties in February 1861 by floating government loans and creating an instant national debt. In 1861 the Con...
needed to raise money to finance their huge war effort. The two primary ways to do this was by taxes and debt. Confederate Secretary of the Treasury Christopher G. Memminger assumed his duties in February 1861 by floating government loans and creating an instant national debt. In 1861 the Con...
Jeb Stuart was a Confederate cavalry officer whose reports of enemy troop movements were of particular value to the Southern command during the American Civil War (1861–65). An 1854 graduate of the U.S. Military Academy, West Point, N.Y., Stuart resigne
An act of March 9, 1861, provided for the issuance of not more than $1 million of paper money in denominations of not less than $50. This act was soon followed by other laws providing for smaller denominations and in amounts that reached almost astronomical proportions. Throughout the war...
So we’ll see what happens.I’ve been wrong before in predicting how the courts would go, so I’m not going to bet major money on this one. But I will be surprised if the plaintiffs prevail. Stay tuned, y’all. 1comment Frederick Douglass on Decoration Day, 1871 ...