Confederate States of America Dollar

Examples of Confederate States of America Dollar in the following topics:

• Confederate Finances

  • The Confederate economy also relied on voluntary donations of coins and bullion from private individuals in support of the Confederate cause; these were initially quite substantial, but became scarce by the end of 1861.
  • The Confederate government hoped to force diplomatic recognition of the Confederacy by starving Europe of cotton.
  • During the course of the war, Confederate States of America dollars severely depreciated and eventually became worthless.
  • The resulting inflation remained a problem for the Southern states throughout the remainder of the war, collapsing the South's financial infrastructure and forcing a move to a barter economy for civilians.
  • At the beginning of the war, the Confederate dollar was valued at 90¢ in Union dollars.

• Components of a Note

  • Notes Receivable represents claims for which formal instruments of credit are issued as evidence of debt, such as a promissory note.
  • Notes Receivable represents claims for which formal instruments of credit are issued as evidence of debt, such as a promissory note.
  • Principle-the principle is the face value of the note.
  • The principle equals the initial amount of credit provided.
  • A One Hundred Dollar Confederate States of America banknote dated December 22, 1862.

• Finance

  • Discord between the states and the federal government over taxation and trade further weakened the legitimacy of the Articles of Confederation.
  • Under the Articles of Confederation, Congress was denied any powers of taxation: it could only request money from the states.
  • As more money was printed by Congress, the continental dollars depreciated.
  • In an appeal to the States to comply, Jay wrote that the taxes were "the price of liberty, the peace, and the safety of yourselves and posterity. " He argued that Americans should avoid having it said "that America had no sooner become independent than she became insolvent" or that "her infant glories and growing fame were obscured and tarnished by broken contracts and violated faith. " The States did not respond with any of the money requested from them.
  • The states and the Confederation Congress both incurred large debts during the Revolutionary War, and how to repay those debts became a major issue of debate following the war.

• Congress of the Confederation

  • The Congress of the Confederation was the governing body of the United States from 1781 to 1789.
  • The Congress of the Confederation was the governing body of the United States of America, in force from March 1, 1781, to March 4, 1789.
  • It was composed of delegates appointed by the states' legislatures.
  • The membership of the Second Continental Congress automatically carried over to the Congress of the Confederation when the latter was created through the ratification of the Articles of Confederation.
  • The Congress of the Confederation was succeeded by the Congress of the United States, as provided for in the Constitution, proposed September 17, 1787, in Philadelphia at the Constitutional Convention.

• Confederate Politics

  • Confederate politics were dominated by the tension between states' rights and the military needs of the Confederacy.
  • States' rights, one of the primary platforms for secession, was an enduring issue in Confederate politics that caused tension between state leaders and President Jefferson Davis.
  • The first conscription act in North America authorizing Davis to draft soldiers was viewed as the, "essence of military despotism."
  • Zebulon Vance, Governor of North Carolina, challenged the central Confederate government.
  • Examine the tensions between Confederate state leaders and President Jefferson Davis

• Impact of the Articles of Confederation

  • The Articles of Confederation, while riddled with problems, did have lasting effects.
  • Under the Articles of Confederation, the central government's power was kept quite limited.
  • As more money was printed by Congress, the continental dollars depreciated.
  • In an appeal to the states to comply, Jay wrote that the taxes were "the price of liberty, the peace, and the safety of yourselves and posterity. " He argued that Americans should avoid having it said "that America had no sooner become independent than she became insolvent" or that "her infant glories and growing fame were obscured and tarnished by broken contracts and violated faith. " The states did not respond with any of the money requested from them.
  • The states and the Confederation Congress both incurred large debts during the Revolutionary War, and how to repay those debts became a major issue of debate following the war.

• Financial Chaos and Paper Money

  • Under the Articles of Confederation, the central government's power to regulate financial matters was kept quite limited.
  • Under the Articles of Confederation, the central government's power was kept quite limited: the Confederation Congress could make decisions, but lacked the power to enforce them.
  • Under the Articles of Confederation, Congress was denied any powers of taxation and could only request money from the state legislatures.
  • As more money was printed by Congress, the continental dollars depreciated, and currency depreciation became rampant.
  • The states and the Confederation Congress both incurred large debts during the Revolutionary War, and how to repay those debts became a major issue of debate (some states paid off their war debts and others did not).

• The Articles of Confederation

  • The Articles of Confederation established a confederacy-type government among the new American states.
  • The Articles of Confederation were established in 1777 by the Second Continental Congress .
  • Because it could not collect taxes, Congress printed paper dollars.
  • This policy, however, absolutely wrecked the economy because of an overabundance of paper dollars, which had lost almost all value.
  • Explain the historical origins and purpose of The Articles of Confederation

• The Articles of Confederation

  • The Articles of Confederation were the United States' first governing document, and had many weaknesses.
  • The Articles of Confederation were an agreement among the 13 founding states, legally establishing the United States of America as a confederation of sovereign states and serving as its first constitution.
  • The Articles of Confederation, which established a "firm league" among the 13 free and independent states, constituted an international agreement to set up central institutions for conducting vital domestic and foreign affairs.
  • The Articles envisioned a permanent confederation of states, but granted its Congress—the only federal institution—little power to finance itself or ensure that its resolutions were enforced.
  • Congress was denied any powers of taxation; it could only request money from the states.

• Government During the War

  • The Morrill Tariff also impacted immigration, as tens of thousands of Europeans were drawn to America for high-wage factory and craftsman jobs.
  • In February 1861, the six states that had seceded at that point formed the Confederate States of America and unanimously elected Jefferson Davis as president and Alexander Stephens as provisional vice president.
  • Much of the Confederate Constitution replicated the U.S.
  • However, the Confederate Constitution placed greater emphasis on the rights of individual member states and contained several explicit protections of the institution of slavery.
  • Compare and contrast the Confederate governance and constitution with that of the United States, and discuss bills passed in Congress after the secession of the South