Buy custom Why The South Wasn't Ready For War
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This left only printing money. The drawback with this was that it led to hyperinflation. The more money the South printed the more inflation there was. In 1865, the annual inflation in the South had reached 9000%. The Confederates unending quest for liquid capital had ended in economic disaster.
The South's lack of liquid capital or inability to raise money was not its biggest economic problem...
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The Confederates unending quest for liquid capital had ended in economic disaster.
The South's lack of liquid capital or inability to raise money was not its biggest economic problem. The South's lack of gold to give an intrinsic value to its currency was probably its biggest problem. Instead of using gold to determine the money's value, the value was gauged on the public's belief of their winning the war...
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General points of the essay
If the south had won
If the south won
J Money
It'S Not Really The Money:
Making Money From Inflation
Money And Inflation
Going South
Getting By With More Than Money
The South
Why The Confederacy Wasn't Ready For War
Why The South Wasn't Ready For War
American Culture: Money! Money! Money!
Money
Some people think that governments should spend large amounts of money to explore outer space. Others think that this money should be used to improve life on earth
south
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