Is Confederate Money Specie or Fiat?
Aug 20, 2021
2 minutes
By Richard Giedroyc
■ Would you consider Confederate paper money to have been specie or fiat money?
Confederate paper money can actually be argued to be both. These are promissory notes. The earliest carry the statement “Six months after the ratification of a treaty of peace between the Confederate States and the United States the Confederate States of American will pay” followed
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