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Inflation is a rise in prices and a depreciation of the currency.
The Confederate dollar was not based on assets, but only on the promise of future victory.
Owing to the Union Naval blockade, the South could not import or export, and its economy stagnated. Demand for basic commodities rocketed, causing steady inflation. By 1864, the Confederate dollar was only worth about 5 cents.
What else can I help you with?
How were slaves in the south treated during the civil war?
they were treated bad
Who were Jackson and Johnston during the Civil War?
they were two generals during the civil war
What the important of Jefferson in the Civil War?
During the civil war he was dead.
What is the object of the prepositional phrase in the sentence About 720000 Americans died during the civil war?
The object of the prepositional phrase "during the Civil War" is the word "war" or since it is a proper noun, "Civil War."
What were the Civil War wars during 1862-1868?
sorry the civil war was during 1861- 1865
Why did food cost so much for the South during the Civil War?
inflation
What was it like during a battle in the civil war?
Bad
How were the conditions in the prisoner-of-war camps during the civil war?
bad
Why did inflation in the north and south occur during the civil war?
the limited supply of goods caused prices to rise.
Why did inflation occur in the north and the south during the civil war?
the limited supply of goods caused prices to rise.
What was plumbing like during the Civil War?
pretty bad
What were the conditions of the economy in the south during the civil war?
bad.
What was the slaves way of life during the civil war?
Bad
How were slaves in the south treated during the civil war?
they were treated bad
What kind of medicine did they use during the civil war?
Bad ones
Which side in the US Civil War had worse inflation?
the south
Was inflation a big problem during the revolutionary war?
Inflation was a big problem for Americans during the Revolution
