How much money did the Confederacy have?

Question

History

Arthur Olson

30 June, 16:28

How much money did the Confederacy have?

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Answers (2)

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Laurel Vincent · Answer 1

At the beginning of the war the Confederacy had some $47 million in bank deposits (compared to $189 million in Northern banks), and $27 million in specie (gold and silver coins) holdings (compared to $45 million worth in the northern states).

Kaylyn Carney · Answer 2

At the beginning of the war the Confederacy had some $47 million in bank deposits (compared to $189 million in Northern banks), and $27 million in specie (gold and silver coins) holdings (compared to $45 million worth in the northern states).