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Munu

(57 posts)

16. Historical note: Confederate money was backed by a promise of gold, but ...

Reply to rampartd (Reply #1)

Wed Dec 17, 2025, 01:52 PM

Dec 17

It was the gold to be paid by the Union after conclusion of a peace treaty with the Confederacy.

There were three issues of Confederate promissory notes, to be paid in gold six months, a year, and eighteen months respectively after the peace treaty. This was printed on the notes.

The last issue was early 1865 after it was already obvious they were losing.

Another aside:
My favorite display of Confederate memorabilia is in New York City.
In the museum above Grant's Tomb is the flag Robert E Lee handed over as part of the surrender ceremony.

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Munu rampartd

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Highlight:

Longtime Confederate memorabilia store in Georgia closes abruptly in estate fight after owner dies [View all] BumRushDaShow Dec 17 OP

the confederates had an inflation rate at about 9000% . nine thousand per cent in 1865. rampartd Dec 17 #1

I saw a sheet of Confederate bonds (1864?) that someone kept as an heirloom wolfie001 Dec 17 #3

my great grampa had a roll of confederate bills in a cigar box rampartd Dec 17 #4

I find numismatics so interesting wolfie001 Dec 17 #5

Vikings, Visigoths , tax collectors the usual suspects rampartd Dec 17 #7

Yes, cheers nt wolfie001 Dec 17 #13

My old granddaddy told me . . . AverageOldGuy Dec 17 #10

Historical note: Confederate money was backed by a promise of gold, but ... Munu Dec 17 #16

who is buried in epstein's tomb? rampartd Dec 17 #17

Further trivia Munu Dec 17 #18

Maybe it will catch fire and burn. twodogsbarking Dec 17 #2

The hope is that the legal battle Old Crank Dec 17 #6

Here's a photo of the place... I went inside it once many years ago. groundloop Dec 17 #8

The car in the photo - - - AverageOldGuy Dec 17 #11

Is there a DU sticker on that car? Turbineguy Dec 17 #12

If there is, it looks like ... JustABozoOnThisBus Dec 17 #14

Mean people who own a mean store are mean to one another. yardwork Dec 17 #9

May all involved suffer a short but energetic bout of explosive diarrhea Prairie Gates Dec 17 #15