Civil War

Confederate Currency: Financing the Confederacy

Between 1861 and 1865, the Confederacy issued currency to millions of Southerners, gambling that a Confederate victory would ensure the currency was redeemable. To devalue the Confederate Currency, some Northerners printed Confederate money and circulated it in the South. These factors led to one of the greatest inflationary periods in America, particularly in the South. By the war’s end, Confederate notes were worthless, and many people bartered or used black market Union issues as a medium of exchange.

Gallery

Confederate Currency, $10, 1861
Confederate Currency, $10, 1861

Confederate Currency: Financing the Confederacy

Confederate Currency, $10, 1861

Confederate Currency, $20, 1864
Confederate Currency, $20, 1864

Confederate Currency: Financing the Confederacy

Confederate Currency, $20, 1864

Confederate Currency, $100, 1862

Confederate Currency: Financing the Confederacy

Confederate Currency, $100, 1862

Confederate Currency, 50 cents, 1863
Confederate Currency, 50 cents, 1863

Confederate Currency: Financing the Confederacy

Confederate Currency, 50 cents, 1863

Confederate Currency, $1, 1862
Confederate Currency, $1, 1862

Confederate Currency: Financing the Confederacy

Confederate Currency, $1, 1862

Confederate Currency, $1, 1863
Confederate Currency, $1, 1863

Confederate Currency: Financing the Confederacy

Confederate Currency, $1, 1863

Confederate Currency, $2, 1862
Confederate Currency, $2, 1862

Confederate Currency: Financing the Confederacy

Confederate Currency, $2, 1862

Confederate Currency, $2, 1864
Confederate Currency, $2, 1864

Confederate Currency: Financing the Confederacy

Confederate Currency, $2, 1864

Confederate Currency, $5, 1861
Confederate Currency, $5, 1861

Confederate Currency: Financing the Confederacy

Confederate Currency, $5, 1861

Confederate Currency, $5, 1862
Confederate Currency, $5, 1862

Confederate Currency: Financing the Confederacy

Confederate Currency, $5, 1862

Confederate Currency, $5, 1864
Confederate Currency, $5, 1864

Confederate Currency: Financing the Confederacy

Confederate Currency, $5, 1864

Confederate Currency, $10, 1861
Confederate Currency, $10, 1861

Confederate Currency: Financing the Confederacy

Confederate Currency, $10, 1861

Confederate Currency, $10, 1864
Confederate Currency, $10, 1864

Confederate Currency: Financing the Confederacy

Confederate Currency, $10, 1864

Confederate Currency, $20, 1861
Confederate Currency, $20, 1861

Confederate Currency: Financing the Confederacy

Confederate Currency, $20, 1861

Confederate Currency, $50, 1861
Confederate Currency, $50, 1861

Confederate Currency: Financing the Confederacy

Confederate Currency, $50, 1861

Confederate Currency, $20, 1863
Confederate Currency, $20, 1863

Confederate Currency: Financing the Confederacy

Confederate Currency, $20, 1863

Confederate Currency, $50, 1862
Confederate Currency, $50, 1862

Confederate Currency: Financing the Confederacy

Confederate Currency, $50, 1862

Confederate Currency, $50, 1864
Confederate Currency, $50, 1864

Confederate Currency: Financing the Confederacy

Confederate Currency, $50, 1864

Confederate Currency, $100, 1864
Confederate Currency, $100, 1864

Confederate Currency: Financing the Confederacy

Confederate Currency, $100, 1864

Confederate Currency, $500, 1864
Confederate Currency, $500, 1864

Confederate Currency: Financing the Confederacy

Confederate Currency, $500, 1864