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- Confederate Bond, One Hundred Thousand Dollars, 1865 - To raise money to finance its government, the Confederate States of America issued bonds. This bond dates from late in the Civil War, when printing too much paper money had created rampant inflation. The Confederacy began issuing bonds as a way of taking some paper currency out of circulation. All bills greater than $5 were to be converted into bonds paying 4% interest.
- January 04, 1865
- Collections - Artifact
Confederate Bond, One Hundred Thousand Dollars, 1865
To raise money to finance its government, the Confederate States of America issued bonds. This bond dates from late in the Civil War, when printing too much paper money had created rampant inflation. The Confederacy began issuing bonds as a way of taking some paper currency out of circulation. All bills greater than $5 were to be converted into bonds paying 4% interest.