Lincoln solved the financial crisis by printing "Greenbacks" out of thin air. The foreign exchange value of the Dollar sunk to 30% of its pre-war value.
What was the confederate dollar worth by the end of 1864?
Lincoln solved the financial crisis by printing "Greenbacks" out of thin air. The foreign exchange value of the Dollar sunk to 30% of its pre-war value.
What was the confederate dollar worth by the end of 1864?
In Richmond? Five bucks for a stick of firewood, $500 for a barrel of flour.
Walt
108 posted on 02/27/2003 6:32:51 AM PST by WhiskeyPapa
(Be copy now to men of grosser blood and teach them how to war!)