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Prior to the outbreak of the US Civil War, the Confederacy initiated financial steps to help fund their anticipated war with the Union. In March of 1861, the Provisional Congress of the Confederacy authorized the issuance of treasury notes up to one million dollars. The Confederacy was also bolstered by the $536,000 taken from the former US Mint in New Orleans.

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Is the Resource or Financial Manager responsible for ensuring fund availability prior to purchase?

The Resource/Financial Manager is responsible for ensuring fund availability prior to purchase.


What was the South's economy based on prior to the US Civil War?

Prior to the US Civil War, the Southern economy was primarily based on its cotton crop. This was a major plus for the entire US economy in 1860 for example. Cotton was shipped to Europe and also to Northern textile mills.


What economic factors in the South aided the Union victory in the US Civil War?

Prior to the US Civil War, the South already was at a disadvantage regarding its economic base as compared to the economic base of the more powerful Union industrial and agricultural elements. With that said, it was during the war that several key elements caused problems for the Confederacy. One was its production of too much cotton instead of food products that could be used by the Southern armies. Also, the decline in its railway system combined with the Union blockades were also factors to be considered. The other sometimes overlooked problem was the high inflation rates in the Confederate dollar.


Why should companies require a purchase order prior to purchase?

Companies should require a purchase order prior to purchase to ensure proper authorization and control over spending, helping to prevent unauthorized purchases. It also aids in budget management by providing a clear record of anticipated expenses. Additionally, purchase orders streamline the procurement process, facilitating better tracking of orders and enhancing accountability within the organization. Overall, this practice promotes transparency and reduces the risk of financial discrepancies.


What did Dow close at oct 9 2007?

On October 9, 2007, the Dow Jones Industrial Average closed at 14,164.53 points. This marked the peak of the market prior to the financial crisis that began in 2007-2008. The close reflected a period of significant economic growth and rising stock prices in the years leading up to the crisis.

Related Questions

Was the Confederate attorney general in favor of secession?

In the early part of the US Civil War, the attorney general for the Confederacy was Thomas Bragg. Prior to the secession, Bragg was never optimistic nor showed much enthusiasm for the rebellion. After the Confederate losses at forts Henry and Donalson, he regretted the rebellion.


What did southern states begin to do prior to the start of the civil war?

They seceded from the Union and set up an independent federation of States: the Confederacy.


What caused Cherokee Indians to join forces with the Confederacy for a time during the US Civil War?

The Cherokee Nation had been badly mistreated by the US government prior to the US Civil War. They helped the Confederacy to a degree because they believed they might get a "better deal" with the Confederates.


What form of government did the southern states have during the Civil War (1861-1865)?

what form of government did the southern states have during the civil war 1861-1865? idk i think it's a Confederacy NO IT IS A CONFEDERACY I GOT THIS!!


What action taken by South Carolina started the civil war?

The state of South Carolina was the first state to leave the United States prior to the Civil War. They started the Confederacy.


What was known as the confederacy?

The Confederacy was a group of southern states in the US which, prior to the Civil War, practiced slavery, and which attempted in the mid 19th century to secede from the US, but which were defeated in the resulting civil war (which also brought an end to the practice of legal slavery - some forms of illegal slavery still persist).


What was the occupation of Thomas Jonathan Jackson just before the US Civil War?

Just prior to the US Civil War, Thomas Jonathan Jackson was a mathematics professor at the Virginia Military Institute. He entered the Confederacy as a colonel. He later was to become a Civil War legend.


What form of government existed in Livonia prior to the Muscovite invasion?

A confederacy


Who was the Mississippi native who was elected president of the confederacy?

The Mississippi native who was elected president of the Confederacy was Jefferson Davis. He served as the president from 1861 to 1865 during the American Civil War. Prior to his presidency, Davis was a U.S. Senator and held various military and governmental positions. His leadership of the Confederacy was marked by significant challenges, including military defeats and economic difficulties.


Which state seceded from the union prior to the civil war?

All the states that formed the original confederacy seceded before the civil war, 11 in total: South Carolina Mississippi Alabama Florida Texas Arkansas Georgia North Carolina Tennessee Virginia Louisiana


When did lee write this letter to his son?

just prior to the Civil War


Why did the state join the Confederacy in March of 1861?

No states joined the Confederacy during the month of March 1861. Seven states joined the Confederacy prior to March 1861 and four more after that.