the Northern economy grew in all areas
as a result of the war—agriculture,
mining, transportation networks, the
service sector, and manufacturing.
Southern inflation
The situation in the Confederacy was
starkly different. Because the nation
was starting from scratch, there was no
initial balance of credit and few gold
reserves with which to fund the war
effort. Hence, in March 1861, Secretary
of the Treasury Christopher Memminger
asked the Confederate Congress to
authorize the printing of a million
dollars in paper notes. These bills were
backed by nothing more than the
population’s faith in the government
and almost immediately began to
devalue. In late 1861, a Confederate
dollar was worth 80 cents in gold; by
1865 it was worth 1.5 cents. Inflation
plagued rebel currency all through the
war, simultaneously strangling private
and public trade, the collection of taxes,
and the payment of debts.
To help offset inflation, Memminger
resorted to selling bonds as Chase did,
but he had no financier to assist him
and fewer investors willing to wager
their funds. More paper money was
printed, and direct taxation forced on
an unwilling populace. But only seven
percent of the Confederacy’s income
was generated in this way. Instead, the
hated tax-in-kind, or “impressment,”
initiated in March 1863, provided the
bulk of the government’s revenue. In
many parts of the South, the economy
Five dollars’ worth
Confederate banknotes were often beautifully designed,
but inflation ate away constantly at their monetary value.
This one shows Secretary of the Treasury, German-born
Christopher Memminger, in the bottom right corner.
THE HOME FRONT
The Civil War was one of the most
significant events in the movement toward
female equality in the United States. As
men marched off to war, women took their
places in factories, fields, and stores.
WOMEN’S ROLES EXPAND
In North and South alike, women’s activities in
ladies’ aid societies, and as nurses in national
organizations, gained them recognition as
integral contributors to the war effort. In so
doing, they expanded what was regarded
as “respectable” women’s work.
Spared invasion and occupation, Northern
women benefited the most from the war and
reignited the women’s rights movement in the
postwar decades. Southern women, often
devastated by the loss of property and deaths of
family members, were less likely to profit socially but
became hardened to privations. One woman in
Warrenton, Virginia, wrote: “We keep true to the
South amid all our sore trials—and at times are to be
pitied.” Despite this, their experiences operating
farms and plantations in their husbands’ absence
and witnessing war firsthand helped to crack
the gender barriers of the old South.
AFTER
Ammunition workers
Engravings from Harper’s Weekly show workers,
including many women, filling cartridges at Watertown
Arsenal, Massachusetts. The artist was the young
Winslow Homer, later known for his landscape paintings.
Patched up
With the Union blockade biting ever deeper, the South,
which produced most of the world’s raw cotton, found
itself starved of the finished fabric. Clothes, like this
dress, had to be endlessly patched and repatched.
Farewell to home and family
William D. T. Travis, staff artist with the Union Army of
the Potomac, painted this glamorized depiction of an
officer outside his mansion bidding farewell to his
family as he leaves to fight for the North.
sank into a barter system reminiscent of
the European Middle Ages as officials
and private citizens haggled over what
constituted payment of taxes.
Volunteer aid societies
Within months of the firing on Fort
Sumter, almost 20,000 local aid societies
organized in both the Union and the
Confederacy. Many, especially in the
South, withered and died as wartime
hardships disrupted their activities, but
thousands persisted. The societies and
their national counterparts supplied
soldiers in the field with homeknit
clothing, jams and preserves, writing
supplies, newspapers, Bibles, and books.
Most of these organizations were
run locally by wives and daughters of
soldiers, and aimed at the physical and
emotional comfort of their menfolk.
Often they raised money through fairs
and bazaars to purchase items to be
sent to the soldiers. These philanthropic
events were highlights on the social
calendars of Northern and Southern
communities, and in the larger
cities thousands turned out to buy
homemade goods produced by the
societies’ members. Raffles, benefit balls,
and musical entertainment also were
popular fundraising methods. Infused
with patriotism, good will, and religious
fervor, these activities kept the war at the
forefront of peoples’ minds, especially
in the North, where the physical effects
of the conflict were minimal and only
the absence of military-age males
showed that life had changed.
“I sell my eggs and butter from home for $200
a month. Does it not sound well ... But in what?
In Confederate money. Hélas!”
MARY CHESNUT, A DIARY FROM DIXIE, SEPTEMBER 19, 1864