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It went unpaid. The war debt involved not only indebtedness of the Confederate national government, but indebtedness incurred by various southern states as well. Patriotic southerners liquidated other investments and used the money to buy Confederate and state bonds to support the war effort. At the end of the war people who had done so were financially ruined.
Some states may have had an inclination to repay their state obligations after the war was over, but this was prohibited during Reconstruction. As part of the price for "readmission" to the Union - after a four year war during which the principal Union claim was that they had never left - the states had to repudiate their Confederate-related debt. Ostensibly this was to prevent ex-slaves from having to pay taxes to retire this debt, but northern vindictiveness also relished seeing the "proud" planter class humbled, along with anyone else who had bought the bonds. This helped to ensure that what had always been the richest portion of the United States became and remained the poorest for the next century.
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What happened to the confederate money after the civil war?
they gave it to there family:)
What happened to sergeant driscoll of the civil war?
He was killed by Confederate forces. He had moments before inadvertently fatally shot his own son, who was a Confederate, and in grief and anguish ran singly toward the Confederate lines. It was horrible what happened.
What happened at Appotomax in the American Civil War?
The Confederate General Lee surrendered to United States General Grant ending the Civil War.
Was Texas a confederate state during the war civil war?
Yes.
Who was the commander of the andersonville confederate war camp?
Wirz - the only Confederate hanged for war-crimes.
What happened to the confederate money after the civil war?
they gave it to there family:)
What happened to the confederate states after the civil war?
The Union helped the Confederate rebuild itself in a time called the Reconstruction.
What happened to sergeant driscoll of the civil war?
He was killed by Confederate forces. He had moments before inadvertently fatally shot his own son, who was a Confederate, and in grief and anguish ran singly toward the Confederate lines. It was horrible what happened.
Was the Battle of Gettysburg the second battle of the civil war?
No Gettysburg happened two years after the war started. It was the second Confederate invasion of the North.
What happened at Appotomax in the American Civil War?
The Confederate General Lee surrendered to United States General Grant ending the Civil War.
What happened on 12 1861?
On April 12,1861 Confederate forces attaked Fort Sumter and The Civil War Begin.
What happened at the civil war?
American soldiers from the North and Confederate soldiers from the South, shot at each other and died.
What happened to native American confederate allies after the civil war?
Native American Confederate allies who had fought with the Confederacy had their peace-treaties with the Union invalidated after the Civil War and were harassed for several years to follow. Check out History Central.com :)
What happened to the farmers after the war?
After the Civil War, the farmers debt increased. The reason for this is because the crop prices went way too low.
What happened on April 12 1861?
On April 12,1861 Confederate forces attaked Fort Sumter and The Civil War Begin.
Was Texas a confederate state during the war civil war?
Yes.
What happened if you are alive in emancipation proclamation?
emancipation proclamation was something Lincoln passed to free the slaves in the confederate are during the civil war
