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Civil War Currency. Confederate States of America, 10 dollars, 1864 ; Recto. During the early days of the Civil War, the U.S. Treasury issued ‘Demand Notes’ in denominations of fives, tens, and twenties.
Greenbacks were emergency paper currency issued by the United States during the American Civil War that were printed in green on the back. [1] They were in two forms: Demand Notes, issued in 1861–1862, [1] and United States Notes, issued in 1862–1865. [2]
ValueYearObligationFr.$11862SecondFr.16c$21862SecondFr.41$51862FirstFr.61a$101863FirstFr.95b- Paper Currency
- Southern Mints
- End of The War
From the onset of the Civil War, coins were in short supply. Metal resources were reserved for weapons manufacturing in both the North and the South. This meant that no metal was left to create new coins, but also some existing coinage was melted down and turned into guns and tools needed to fight the war. The South, or the Confederate States of Am...
Government mints in the South were located in Louisiana, Georgia, and North Carolina. Due to the metal shortage and pre-war dies, only four half dollars were ever struck with Confederate artwork. Paper during the mid-1800s was made from linen and cotton rags. Even though the South was the leading supplier of cotton in the world, a paper shortage af...
At the end of the Civil War, Confederate moneyhad no value. It could not be used for trade anywhere in the United States and banks would not exchange the notes for legal tender. Large stacks of currency from the South were gathered by private companies, who reused the paper by printing advertisements over the top. Even though large quantities of th...
The Continental Congress authorized issuance of paper money, Continental Currency or Continentals, to support the American Revolutionary War. Certain designs featured illustrations that signified the colonies’ values, such as independence and strength.
Apr 14, 2020 · Nearly all of its revenue came from customs duties, and there was no federal income tax nor was there any federal paper currency. Since paper money was then viewed solely as a promise to pay in legal tender, meaning gold and silver coins, it had been called upon only during times of war.
Mar 25, 2024 · In the mid-1860s, during the tumultuous era of the American Civil War, a new type of paper currency made its debut in the United States. Known as “greenbacks,” these notes earned their moniker due to the distinctive green ink used on the reverse side of the bills.
Paper money was first established as United States currency from the problems during the Civil War, created with distinct characteristics, then argued over during and after the war. The Union and the Confederacy had issues that pushed it into printing paper money.
