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 1) During the Civil​ War, the Confederate States of America printed lots of its own   currency  long dash—  Confederate    dollars  long dash—  to    fund the war. By the end of the​ war, nearly 1.5 billion paper dollars had been printed by the Confederate government. ​Source: "Textual Transcript of Confederate​ Currency," Federal Reserve Bank of Richmond.How would such a large quantity of Confederate dollars have affected the value of the Confederate​ currency?

  • 6 years ago
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