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The first series of Confederate paper money, issued in March 1861, bore interest and had a total circulation of $1,000,000. [1] As the war began to turn against the Confederates, confidence in the currency diminished, and the government inflated the currency by continuing to print unbacked banknotes.
The Confederate government also tried to raise revenue through unorthodox means. In the first half of 1861, when the support for secession and the military effort was running strong, the donation of coins and gold to the government accounted for about 35% of all sources of government funds.
Seal on a 1864 CS$500 banknote. According to the Richmond Whig of September 25, 1862, a design that passed the Senate represented in the foreground a Confederate soldier, in position to charge bayonet; in the middle distance, a woman with a child in front of a church, both with hands uplifted in the attitude of prayer; for a background, a homestead in the plain, with mountains in the distance ...
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The U.S. military is rethinking its traditional connection to Confederate Army symbols, mindful of their divisiveness at a time the nation is wrestling with questions of race after the death of ...
The Confiscation Acts were laws passed by the United States Congress during the Civil War with the intention of freeing the slaves still held by the Confederate forces in the South. The Confiscation Act of 1861 authorized the confiscation of any Confederate property by Union forces ("property" included slaves). This meant that all slaves that ...
Counterfeiting Confederate currency bills as souvenirs during the Civil War Samuel Curtis Upham (February 2, 1819 – June 29, 1885) was an American journalist, lyricist, merchant, bookkeeper, clerk, navy officer, prospector, and counterfeiter, during the later part of the 19th century, sometimes, known as "Honest Sam Upham".
During the first seven weeks of the Civil War, the U.S. Post Office still delivered mail from the seceded states. Mail that was postmarked after the date of a state's admission into the Confederacy through May 31, 1861, and bearing U.S. (Union) postage is deemed to represent 'Confederate State Usage of U.S. Stamps'. i.e., Confederate covers franked with Union stamps. [4]