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How did the Confederate financial system hamper its efforts during the US Civil War?
ChuckSiata
The Confederacy fell into a major economic depression at the end of the Civil War. Some ways the economy hampered the Confederacy's efforts was that the Union had printed fake Confederate currency which made prices skyrocket and Confederate money became worthless. Also, similar to what happened to the United States under the Articles of Confederation, the Confederate federal government wasn't allowed to borrow money from the states. Since the Confederacy valued state rights, the federal government was given limited power over the states, similar to the Articles of Confederation. The federal government couldn't do much to make war decisions and the states constantly disagreed, which caused the states to spend money at what they each wanted and the Southern economy to drastically decrease.
Wiki User
∙ 6y ago
Wiki User
∙ 6y agoDuring the course of the US Civil War, the Confederacy levied extremely low tax rates of various parts of its economic system. The low amount of tax funds forced the Confederacy to rely on bond sales. Some bonds were sold, even to England. However, in general this was not enough to generate the income required to fight a major war. This caused them to print money without a gold or silver foundation. The result was hyper-inflation.In contrast, the North levied heavy taxes to fund the war, and was basically successful in selling bonds. Despite this, the North did print money rather than raise taxes. To do otherwise would only give Northerners another reason to seek a peace instead of ending the Southern rebellion.
When the war was finally won by the North, it had created a mountain of debt to be paid off.
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Why did the southerners belief in states right hamper the confederate government during the war?
how did the southerners belief in states rights hamper the confederate government during the war
How did a belief in states rights hamper the south during the US Civil War?
The dominance of individual states in the South prevented unified economic actions, such as taxes to support the various Confederate armies. The states could not agree on many policies, which impaired the coordination of military efforts.
How did a belief in states' right hamper the South during the war?
Some of the state governors wanted the troops recruited in their state to be used only for the defence of that state, and not sent to join big Confederate armies.
How did a belief in states rights hamper the south during the war?
Some of the state governors wanted the troops recruited in their state to be used only for the defence of that state, and not sent to join big Confederate armies.
How did the southerners belief in states rights hamper the confederate government during the war?
Some people objected to conscription, and the Governor of Georgia said that troops raised in his state should only be used for defense of that state.
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How did Confederate raiders hamper the North's war efforts during the US Civil War?
The South used its cavalry forces to constantly attack Union supply and communications lines. As Union troops advanced into Southern territory, their lines of supply and communications became longer and more susceptible to Southern raiders. As early as 1863, the Union had to devote one third of its forces to protect its lines of communications and to garrison conquered territory.
How did Confederate General Braxton Bragg hamper Union army efforts in Middle Tennessee in 1862?
Union General Buell's advancements in Middle Tennessee were targeted by Confederate General Braxton Bragg. With Buell seemingly unable to move, his situation was made even worse by Bragg's cavalry forces which successfully attacked his supply depots and lines of communication. To accomplish this, Bragg had sent half of his cavalry to conduct raids on Buell in December of 1862.
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