Confederate paper money failed as currency and failed the Confederacy
The Confederate States issued only inconvertible paper money, never redeemable in gold or silver. Despite legal tender status and heavy backing by taxation and control, the currency depreciated, with prices soaring and small notes scarce, prompting martial law and resections. By 1864 the currency collapsed, while gold coin from the United States remained the only accepted medium in some transactions.
MENTIONED IN THIS ARTICLE
North
Lovett
Philadelphia
Confederate States
United States
Confederate States of America
Confederate Congress
Treasury
Richmond
Winder
General Winder
The
Richmond Enquirer
Virginia
Enquirer
Also Mentioned on This Page
Cincinnati
Harlan
Kentucky
Covington
Commonwealth
Ironton
Columbus
Findlay
Hon. L. Danford
Springfield
Myron Heiser
Olentangy
Ohio
Dlayton
Scioto Valley Railroad
Emmett Guards
Dayton
Masonic Temple
Circleville
Horace Pease
Eig
Portsmouth
Gov. Hayes
Mansfield
Thurman
Marion
Lawrence County
Hayes
Sherman
Cleveland
Sandusky
Homer
Paulding County
John Noble
Elyria
Miss Shaw
Liberty Township
Bellfontaine
Lizzie Tobin
Riverside
John Michel
Sardis
Monroe County
George
Benjamin Barker
Barkers
Harry Bultman
Alexis Darusmont
Fred. Kohlbrand
Wm. Oeh
Kanawha River
Collinus
Huron County
New Vienna
Jake Hickman
Bill Cain
Washington
F. G. Guitteau
Morton
Marietta
Benj. Eggleston
Camp Wesley
Muskingum Township
Farmers’ Club
Muskingum
Corey
Morgan County
Washington County
Waterford Township
Thomas Malster
Palmer
Marietta Register
M. D. Follett
Front Street
Cat’s Creek
Bear Creek
Stephen Smith
Chicago
Marietta Chair Company
John O. Campbell
Cutler
This County
Indianapolis
Lafayette
Greensburgh
Indiana
Marietta Township
Thomas Hoffman
Mr. Hoffman
Editor Register
Oldham
MEIGS
Sarah Evans
Syracuse
Grange
Danville
Salem Township
Middleport
Eli Johnson
Salem
Wm. Ciuthrie
O. B. Chapman
Middleport News
Meigs Republicans
Alban Davies
W. A. Race
G. P. Sanford
J. C. McElroy
P. B. Stanbury
John McClure
Ira Graham
Hiram Alkire
J. C. Bishop
A. H. Nease
Somerset
Hugh Scealley
New Lexington
James Ash
Shawnee
Mattie McNutt
Somerset, C
Tribune
M. E. Church
Uniontown
the Tribune
Junction City
Clarksgrove
Roseville
Breeman
M. E. Church Society
Webster's Hall
Presbyterian Church
James Stoneburner
Elliot Ankney
Frank Spencer
Osborn Spencer
Fair Grounds
Osburn Spencer
Barnum
McArthur
Raymond Gallagher
Hamden
Samuel Yaple
Pike Run
David Keeton
Gilman, Ward & Co
Zaleski
Elk Fork
Raccoon Creek
Vinton Station
McArthur Enquirer
Hocking
Logan
Catharine Shaw
Benton Township
Squire Bilyew
Bloomingville
Hardin County
J. F. Phillips
Evansville
Medical Institute
R. W. Stevenson
Columbus Public Schools
Teachers’ County Institute
H. Bright
Bright
Sentinel
Tills
the Sentinel
Logan Sentinel
Gallia
Gallipolis
Calaboose
Bill Allen
William Allen
Tabernacle
Scioto County
West Virginia
Charles Woods
Adamsville
Gallia County
Nct
Dufour
Callahan and McKeever
Third Street
Ross
R. R. Seymour
Bainbridge
Chillicothe
S. L. Everett
Chillicothe Advertiser
Medina
Frank Harris
Madisonville
Kingston
Miss Curry
Big Walnut
Charleston
Eleanor Worthington
General Worthington