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Because they didn't have enough "hard" cash. They needed something with which to pay their soldiers, buy supplies, and generally keep the Confederacy running, and the taxes they extracted in hard currency couldn't cover it. So, they began printing and spending paper money to cover the shortfall. As any economist knows, however, rapidly printing money for yourself is a recipe for disaster. Inflation ran rampant through the Southern economy as the war dragged on, with Confederate money eventually becoming essentially worthless, similar to the incredible inflation faced by the Weimar Republic in Germany after World War I.
What else can I help you with?
Was the south urban or rural during the civil war?
the answer is rural
What were the women left to do in the north and south during the civil war?
They served as volunteer nurses in military hospitals during the civil war.
Was john Reagan the north or south of the civil war?
John Reagan was the Confederate Postmaster General. He was part of the South during the Civil War.
Did some northerners fight for the south during the Civil War?
Yes.
What battle was not fought in south during civil war?
Gettysburg. It was in Pennsylvania.
How much money did the South use during the Civil War?
$3,285,000,000
What was the south leading money crop during civil war?
cotten
What was the source of income for the south during the civil war?
The source of income were: taxes, selling bonds and issuing paper money. The first two were insufficient so that the Secretary of Treasury, Christopher Memminger decided to issue paper money. At the end of 1863 more than $ 700 million in paper money were in circulation.
Why did the south resort to using paper money during the war?
because the economy was collapsing and they could not afford to create other money
What was king of the south during civil war times?
Cotton was often called the King of the South during the Civil War.
Why did the south have less money than the north?
The south made their own money during the civil war , so when the Union won the money meant nothing .the money meant nothing because the union had their own money and so they didnt need the souths money. Shortly before the civil war, they began to lose money from enormous taxes imposed on them by the north.
Who had more money and supplies during Civil War?
The north had more supplies,because the south had no factories
What were soldiers of the south called during the civil war?
They were called Rebels during the Civil War
During the civil war What were the south soldiers called?
They were called Rebels during the Civil War
Did the South or North have mainly agriculture during the Civil War?
South
Was civil the name for the south during the civil war?
no, the south of America was called the united confederate states of America.
Did England help the south in the civil war?
I don't believe England helped the South during the Civil War.
