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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.
Large denominations of United States currency greater than $100 were circulated by the United States Treasury until 1969. Since then, U.S. dollar banknotes have been issued in seven denominations : $1 , $2 , $5 , $10 , $20 , $50 , and $100 .
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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.
Quarterly growth rate of the Confederate primary deficit in real terms. The negative values after third quarter 1862 reflect mostly the inability to find willing purchasers for Confederate debt, as the military situation of the South deteriorated. [1] Issued loans accounted for roughly 21% of the finance of Confederate war expenditure. [4]
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.
Confederate States of America currency (1 C, 2 P, 1 F) Pages in category "Historical currencies of the United States" The following 48 pages are in this category, out of 48 total.
The most recent state currency issue prior to this were the Colonial American banknotes issued during the 18th century. Many North Carolina banks also issued currency during this period. Many of the North Carolina banknotes are similar to period issues from other Confederate States ; this is not surprising, as the North Carolina banknotes were ...