Disastrously.
As the war went on, and the blockade became more effective, there were fewer and fewer goods to be had, and the prices rose steeply. Sherman's March to the Sea finally shattered the Southern economy, and the Confederate dollar was down to a few cents.
In the South. By the beginning of 1864, a Confederate dollar was down to 5 cents. By the end of that year, it was down to almost nothing.
The limited supply of goods caused prices to rise.
They were called Rebels during the Civil War
They were called Rebels during the Civil War
Liverpool (UK) merchants financially helped the south. And the south had a consular office in Liverpool during the civil war.
inflation
the limited supply of goods caused prices to rise.
the limited supply of goods caused prices to rise.
the south
explain how do intrest rates and inflation affect the real estate
The impact that the Civil War had on the North and the South was: North: * North abolished slavery after the war because of the Emancipation Proclamation South * South grew poor * South experienced inflation
In the South. By the beginning of 1864, a Confederate dollar was down to 5 cents. By the end of that year, it was down to almost nothing.
Cotton was often called the King of the South during the Civil War.
The limited supply of goods caused prices to rise.
They were called Rebels during the Civil War
They were called Rebels during the Civil War
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