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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 confederation's central government consisted of a unicameral Congress with legislative and executive function, and was composed of delegates from each state in the union. Congress received only those powers which the states had previously recognized as belonging to king and parliament. [ 15 ]
The Articles of Confederation and Perpetual Union was an agreement among the 13 states of the United States, formerly the Thirteen Colonies, that served as the nation's first frame of government. It was debated by the Second Continental Congress at Independence Hall in Philadelphia between July 1776 and November 1777, and finalized by the ...
Confederate President Jefferson Davis made many of his initial selections to the Cabinet on the basis of political considerations; his choices "Were dictated by the need to assure the various states that their interests were being represented in the government." [3] Moreover, much Confederate talent went into the military rather than the ...
The Rise and Fall of the Confederate Government (1881) is a book written by Jefferson Davis, who served as President of the Confederate States of America during the American Civil War. Davis wrote the book as a straightforward history of the Confederate States of America and as an apologia for the causes that he believed led to and justified ...
The Southerners proposed the Union recognition of the Confederacy, a joint Union–Confederate attack on Mexico to oust Emperor Maximilian I, and an alternative subordinate status of servitude for Blacks rather than slavery. Lincoln flatly rejected recognition of the Confederacy, and said that the slaves covered by his Emancipation Proclamation ...
Article VI Section 1(1) The Government established by this Constitution is the successor of the Provisional Government of the Confederate States of America, and all the laws passed by the latter shall continue in force until the same shall be repealed or modified; and all the officers appointed by the same shall remain in office until their ...
In 1784, the total Confederation debt was nearly $40 million. Of that sum, $8 million was owed to the French and Dutch. Of the domestic debt, government bonds, known as loan-office certificates, composed $11.5 million, certificates on interest indebtedness $3.1 million, and continental certificates $16.7 million.