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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.
Confederate half dollar coin. 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.
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 accounted for 70% of total US exports by dollar value. Confederate leaders believed that this would give the new nation a firm financial basis. Cotton was the primary export, accounting for 75% of Southern trade in 1860.
The Confederate State of North Carolina issued currency during the years 1861, 1862, 1863 and 1864. The most recent state currency issue prior to this were the Colonial American banknotes issued during the 18th century.
Confederate States dollar banknotes (featured picture set) (72 F) Pages in category "Confederate States of America currency" The following 2 pages are in this category, out of 2 total.
Ten Confederate States dollar (T22), by the Southern Bank Note Company. Ten Confederate States dollar (T23), by Leggett, Keatinge & Ball.
Voting period is over. Please don't add any new votes. Voting period ends on 10 Oct 2015 at 18:42:25 (UTC). Reason High quality, high EV (presented as a complete set). Beginning with South Carolina (December 20, 1860) and ending with Tennessee (June 8, 1861), 11 states seceded from the Union to form the Confederate States of