Best Answer

In the South.

By the beginning of 1864, a Confederate dollar was down to 5 cents. By the end of that year, it was down to almost nothing.

User Avatar

Wiki User

11y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Where did money become worthless causing inflation during the civil war?
Write your answer...
Still have questions?
magnify glass
Related questions

If you lost money on a financial institution stock can you claim it as a loss?

Yes, if you sold the stock for less than your basis or if there was an event that caused your stock to become worthless during the year. Note that this does not apply if the stock was in a tax-sheltered account such as an IRA or a 401k. If a bank went out of business causing the stock to become worthless, you can claim it as a loss. If the value of the stock went from $200 a share to $.02 a share, it is not yet worthless -- no deduction until you sell it.

Was inflation a big problem during the revolutionary war?

Inflation was a big problem for Americans during the Revolution

During periods of inflation tax rates should?

during periods of inflation tax rates sholkd

Why did the owners not have enough money to pay the people during the great depression?

Their money had become nearly worthless. It cost $30 to $50 just for a hamburger.

What is inflation during colonial times?


What is lost during a period of inflation?


Is it wise to save during inflation?

it can be wise if the inflation rate doesnt reach the extent to which the money has to be changed

When planning marketing startagies during times of inflation marketers must be aware inflation causes consumers to?


What is inflation and how bad was it during the civil war?

Inflation is a rise in prices and a depreciation of the currency. The Confederate dollar was not based on assets, but only on the promise of future victory. Owing to the Union Naval blockade, the South could not import or export, and its economy stagnated. Demand for basic commodities rocketed, causing steady inflation. By 1864, the Confederate dollar was only worth about 5 cents.

During inflation what is the best method to value the stock?

during inflation the best method to use inventory valuation that produces that produces that least amount of profit is

During a time of inflation who is affected the most?

Inflation is the a period of time during which there is a continuous rise in the general price level of various commodities consumed by the majority of the population. Inflation affects everyone: THE INDIVIDUAL CONSUMER: if they earn a fixed amount of income, they are worse off as they will be experiencing a loss in their purchasing power. THOSE WHO HAVE BORROWED MONEY: they will gain as they will repay back a sum of money which is worth less in real terms. LENDERS: they will lose because they will receive back a sum of money which is worthless in real terms

Is it advisable if you deposit to a bank during inflation?