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Confederate President Jefferson Davis asked private citizens to restore the value of the Confederate dollar by mutually agreeing to sell and buy items only at reduced prices. [4] In October 1863, Confederate States Senator Louis Wigfall of Texas said that a Confederate soldier received $11 per month in pay, which was worth the same as $1 had ...
If it is assumed that real incomes remained constant in the South during the war (Lerner actually concluded that they fell by about 40% [3]) then the equation implies that for the price level to increase 92 times in the presence of a 20 times increase in money supply, the velocity of money must have increased 4.6 times over (92/20=4.6 ...
The Act of March 9, 1861 passed by the Congress of the Confederate States authorized the issue of $1,000,000 in Confederate banknotes, followed by an additional $1,000,000 in August, 1861. Seven series of banknotes were authorized for $678,000,000, but just over $1.5 billion was actually issued.
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 ...
A $2 currency note printed in 2003 sold online in mid-2022 for $2,400 on Heritage ... You can find the value of your $2 bill by visiting their U.S. currency price guide online at ...
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Media in category "Confederate States of America currency" This category contains only the following file. NC 1861 5 cent rear.jpg 777 × 436; 164 KB
Other $2 notes from 2003 have fetched prices in the hundreds of dollars and ... You can find the value of your $2 bill by visiting their U.S. currency price guide online at uscurrencyauctions.com.