FREE: Confederate $1000 bill

This bill was unique in that it was used as currency but in form of a bond that promised to pay bearer $1,000 plus interest of 10 cents per day 12 months after date of the bill which was May 28, 1861. The bill also said the bill could be used as payment of dues except excport duties.

A forgotten fact prior to the Civil War the South paid the majority of federal taxes most of which came from import and export duty taxes. With cotton and tobacco the leading export and the South with less industry than in the north, the South.made more purchases from overseas thus paying more of the import and export fees at a time prior to income taxes. Early on economics played a major role in the decision to try to force the South back into the Union. The South planned to maintain the export taxes but for the Confederate treasury and planned to cut the import taxes making European goods less expensive which would have hurt sales of Northern produced goods that sold for more than European goods. Without the tariff on imports, Northern goods that would have taken a hard hit in income if South allowed to leave the Union causing Northern manufacturures to support forcing the South back in to the Union.