January 12, 1863 – President Jefferson Davis submitted his message on the state of the Confederacy to the Confederate Congress as it assembled for its
Tag: Economy
The Legal Tender Act
February 25, 1862 – President Abraham Lincoln signed a bill into law establishing the first Federal paper currency in U.S. history–the “U.S. Note.” By this
The Official Inauguration of Jefferson Davis
February 22, 1862 – Jefferson Davis took the oath of office to become the first official president of the Confederacy. Davis and Vice President Alexander
The Northern Financial Crisis
December 30, 1861 – The leading banks of New York, Boston, and Philadelphia suspended specie payments (i.e., exchanging paper money for gold or silver) due