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Tag Archives: inflation
TIK toc
150 years ago this week the Confederate government revived an old idea in order to obtain new supplies for its armies in the field. On May 24, 1863 To combat spiraling inflation, the Confederate Congress levies a 10 percent “tax … Continue reading
anger management
Sometimes when I reproduce racist articles I feel like me and 150 years are ganging up on the people in the story – I have no idea what my thoughts and actions would be like if I lived so long … Continue reading
Basket Case
Comparing market baskets from 1860 and 1863 A newspaper in the Confederate capital compared antebellum prices with 1863 prices and helped quantified the high inflation in Richmond since the war began (the basics in the baskets were at least ten … Continue reading
Fiat: we’ll pay the troops
President Lincoln agreed with Congress that Union soldiers and sailors had to be paid, even if that required printing up to $100 million in new currency. From THE PAPERS AND WRITINGS OF ABRAHAM LINCOLN (VOLUME SIX) : PRINTING MONEY MESSAGE … Continue reading
Vulture
Vilifying the ‘virtual’ northern president, who’s actions are a stimulant to ‘determined resistance’ From the Richmond Daily Dispatch December 5, 1862: The next Yankee President. Of course-Wm. H. Seward has not sold himself to the Devil for nothing. The Presidency … Continue reading
