Inflation in the Confederacy
This postwar table of the relative prices of gold and United States “greenback” currency relative to Confederate money shows at a glance one of the primary challenges faced by Confederate civilians. Their currency had lost more of its value with each year of the war. At the same time, wartime production disruptions and the Union naval blockade made basic commodities harder to come by, and they were sold at drastically inflated prices when they could be found.
This postwar table of the relative prices of gold and United States “greenback” currency relative to Confederate money shows at a glance one of the primary challenges faced by Confederate civilians. Their currency had lost more of its value with each year of the war. At the same time, wartime production disruptions and the Union naval blockade made basic commodities harder to come by, and they were sold at drastically inflated prices when they could be found.