"By making a diligent study of official manuscripts and documents, together with newspapers and other source material, Todd has presented a well-documented study of the problems the South faced in trying to finance the war and the methods which were used."
—Journal of Economic History
"Here in the language of finance is the story of the progress of the rebellion. Behind the accounts of Treasury actions, one can visualize the changing fortunes of war, the relentless diminution of wealth, the willing and unwilling sacrifices, the burdens of high interest rates, the piracy of the unscrupulous, and at the end, complete financial disaster as loans, notes, books, and other certificates of wealth became worthless with the collapse of the armies."
Richard Cecil Todd shows how these measures were used by the Confederate government to meet its obligations at home and abroad. He also discusses the organization and personnel of the Confederate Treasury Department.
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