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Confederate Currency |
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The DIVISION OF A UNION In February of 1861, the government of the Confederate States of America was organized and our country was officially divided. This division meant that a new coinage and currency issue would be needed.
CONFEDERATE FINANCING OF THE WAR The Confederate States of America considered themselves a new country governed by new laws, new government and a new Treasury. Within months of the birth of the confederate government, confederate paper money was issued. These notes were never "Legal Tender" but circulated throughout the south as such. During the next three years, 70 different types of Confederate currency was issued as it was needed to finance the war. The value of these issues quickly became deflated because of the massive amount printed. CONFEDERATE STATE ISSUES
When the southern states seceded from the Union in 1861, they did
not adhere to the Constitutional restrictions concerning currency issues of the individual states. While
official members of the Confederate States of America, many of the southern states were wary of the
financial situation of the confederacy. The Confederate government allowed the individual states to print their own money
as a method of financing the war. Twelve of the thirteen Confederate States had their own circulating currency (either state or private bank issues) during the Civil War.
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