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The Confederate dollar, often called a "Greyback", was first issued into circulation in April 1861, when the Confederacy was only two months old, and on the eve of the outbreak of the Civil War. At first, Confederate currency was accepted throughout the South as a medium of exchange with high purchasing power.
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. While the North doubled its money supply during the war, the money supply in the South increased twenty times over.
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 ...
Confederate gold refers to hidden caches of gold lost after the American Civil War. Millions of dollars' worth of gold was lost or unaccounted for after the war, and its possible location has been the source of speculation of many historians and treasure hunters. Allegedly, some of the Confederate treasury was hidden in order to wait for the ...
The money was mostly wasted on ships that were never delivered (because of the Union blockade) and in futile efforts to prop up the price of Confederate bonds to fool Europeans that the new nation was doing well. The British had money to invest. They bought some Confederate bonds but spent far more on the blockade runners as in Confederate bonds.
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An advocate of secession, Lucy Holcombe Pickens was the only woman to be depicted on the currency of the Confederate States of America (three issues of the $100 CSA bill and one issue of the $1 CSA bill, which were printed in Columbia, South Carolina). She was also featured on one issue of $1,000 CSA loan certificates.
On eBay, these kinds of bills can sell for anywhere from $10 to $300. The lower the serial number, the more valuable the currency is considered to be; a bill with the serial number 00000001 could ...
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