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In September 1864, one Confederate dollar was worth the same as three cents of United States currency. [5] People tried to retain their wealth by buying gold to such an extent that, in Richmond, it was impossible to find someone who would sell their gold. [ 5 ]
The financing of war expenditures by the means of currency issues (printing money) was by far the major avenue resorted to by the Confederate government. Between 1862 and 1865, more than 60% of total revenue was created in this way. [4] While the North doubled its money supply during the war, the money supply in the South increased twenty times ...
Richmond's Hollywood Cemetery is the final burial place of many Civil War notables, including Jefferson Davis, Stuart, former U.S. president and Confederate Congressman John Tyler, Virginia Governors and Confederate Generals Henry A. Wise and William "Extra Billy" Smith, Tredegar Iron Works owner and Confederate Brigadier General Joseph Reid ...
The Confederate States Department of the Treasury was the department of the executive branch of the Confederate States of America responsible for the administration of the economic affairs of the Confederacy. These affairs including the issuing of debt, the collecting of taxes, the printing of money, and the administration of customs.
A complete typeset of 72 banknotes of the Confederate States of America (1861–1864). The first six notes are already Featured Pictures leaving 66 (the second series on) for your consideration. The first six notes are already Featured Pictures leaving 66 (the second series on) for your consideration.
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 ...
July 18, 1864 3 years, 148 days Democrat: 2 George Trenholm (1807–1876) July 18, 1864 April 27, 1865 283 days Democrat 3 John Henninger Reagan (1818–1906) April 27, 1865 May 10, 1865 13 days Democrat
In August 1864 the daily paper attacked the Treasurer of the Confederate States of America, Edward C. Elmore. The Southern treasury was virtually empty, and the Examiner insinuated that Treasurer Elmore had embezzled the Southern States' tiny remaining stock of hard money in order to enjoy a gambling spree.