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Tag Archives: inflation
black gold
Inflation in the Confederacy wasn’t just wreaking havoc on prices for basic needs like flour. Slave prices were at their highest ever in Richmond. From the Richmond Daily Dispatch October 24, 1863: High prices. –The highest prices yet paid for … Continue reading
Richmond voters against maximum prices
150 years ago yesterday a referendum was held in Richmond so that voters could let their state representatives know whether or not the voters supported the “maximum bill” (price controls) that was being considered by the Virginia legislature. It didn’t … Continue reading
Richmond referendum
As inflation was ravaging the Confederacy 150 years ago, the Virginia state legislature was mulling over a “maximum bill” to regulate prices on a variety of goods. The Richmond city council called a referendum so that Richmond legislators would know … Continue reading
“Be he miser or patriot”
Here’s an example of an individual state trying to deal with the Confederacy’s rapid increase in the money supply. The Virginia Legislature was working on a scheme that would allow the national government to slow the printing of money by … Continue reading
beware protruding lips
Richmond was alive with the “never ending sound” of the Confederate government’s stamping presses manufacturing paper currency. But it wasn’t just the government – counterfeiters were a big problem for the CSA. From the Richmond Daily Dispatch October 7, 1863: … Continue reading
beef prices
It’s been almost six months since the Richmond Bread Riot, but scarcity and inflation are still making life difficult in Richmond. Here a group of butchers are willing to comply with a government request that they regulate their beef prices … Continue reading
loads and loads of money
print away our problems? Well, not really, as the editors at the Richmond Whig understood. From The New-York Times September 25, 1863: The following paragraphs are from the [Richmond] Whig, of the 23d: … PAINFUL SIGHT. It is nothing unusual … Continue reading
Posted in 150 Years Ago This Week, Confederate States of America, Southern Society
Tagged currency, inflation, Richmond
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four hundred pound supper
It might not be a coincidence that that the same issue of the Richmond Daily Dispatch that praised the Confederate armies also published a letter written by George Washington that expressed his concern with the seeming apathy of Americans not … Continue reading
postal peace
It was a short labor stoppage at the Richmond Post Office, where clerks had not had a raise since the war and its rampant inflation began. And our Richmond newspaper still sees a lot of pressure on prices. Even though … Continue reading
post office resignations
From the Richmond Daily Dispatch August 21, 1863: Postal communication Stopped. –Resignation of the Clerks in the City Post-Office. –Yesterday evening the clerks in the City Post-Office resigned in a body, and the business of that office has come to … Continue reading
