Cardinal

1863 Mt. Pleasant Boston Apothecary Store 20 cent Note *COPY* US Civil War

Description: 1863 Mt. Pleasant Boston Apothecary Store 20 cent Note *COPY*US Civil War Currency ***COPY*** Banking and the Civil War, or, Floating Away on a Sea of Paper Money Beginning in March 1861, the Confederate States of America began printing its own paper banknotes. The earliest notes, known as the Montgomery Issue, after the Confederacy’s first capital in Montgomery, Alabama, were printed in New York by the National Bank Note Company and smuggled across the Union lines. Subsequent issues were printed in New Orleans; Richmond, Virginia; and Columbia, South Carolina. As the war stretched on and major industrial centers, including New Orleans, fell to Union forces, the Confederacy had difficulty maintaining access to the supplies and safe passage needed to print and distribute CSA money not only to banks, businesses, and private citizens, but also to the hundreds of thousands of officers and soldiers fighting for the Confederate cause. Furthermore, because the CSA printed money without tying the value of its notes to actual treasury resources (which were limited despite efforts to raise funds through bond issuances), the notes were subject to widespread inflation. State treasuries were also actively engaged in financing the war and state economies. They, too, printed money without regard for gold and silver specie on hand. Louisiana mobilized its state banking system in support of the war in 1861, and Governor Thomas Overton Moore issued an order to all Louisiana banks to suspend specie payments in November of that year, leaving the state and its inhabitants to operate in an economy based entirely on paper money. Note issuances were not limited to the CSA and state. Forty of Louisiana’s forty-eight parishes printed their own paper money during the Civil War, and towns across the state—from Shreveport to Alexandria, from Natchitoches to Clinton, from Thibodaux to Baton Rouge—all sought to satisfy the demand for a circulating currency by turning to the printing press. Even private businesses, including Magazine Street saddlers Magee and George, issued notes redeemable for goods and services when national, state, and even municipal notes were too scarce to offer as change.

Price: 9.99 USD

Location: Phoenix, Arizona

End Time: 2024-02-21T21:09:09.000Z

Shipping Cost: 0.99 USD

Product Images

1863 Mt. Pleasant Boston Apothecary Store 20 cent Note *COPY* US Civil War1863 Mt. Pleasant Boston Apothecary Store 20 cent Note *COPY* US Civil War

Item Specifics

All returns accepted: ReturnsNotAccepted

Denomination: 10 Cents

Type: Banknotes

Year: 1863

Recommended

P Bartsch: Mt Pleasant A H & F Society Inc. ~ 150 Years of History 1863-2013/SA
P Bartsch: Mt Pleasant A H & F Society Inc. ~ 150 Years of History 1863-2013/SA

$12.36

View Details
1975 Topps #248 Cas Banaszek 49ers Northwestern 6 - EX/MT
1975 Topps #248 Cas Banaszek 49ers Northwestern 6 - EX/MT

$0.99

View Details
1993 Springfield Cardinals Fleer/ProCards #1863 Tim Jordan
1993 Springfield Cardinals Fleer/ProCards #1863 Tim Jordan

$1.99

View Details
Ottoman Balkans Greece Albania Macedonia Serbia Crete 1863 Mt. Profiles old map
Ottoman Balkans Greece Albania Macedonia Serbia Crete 1863 Mt. Profiles old map

$55.00

View Details
1963 Topps #7 Dick Szymanski Colts Notre Dame 6 - EX/MT
1963 Topps #7 Dick Szymanski Colts Notre Dame 6 - EX/MT

$4.00

View Details
1962 TOPPS DON LANDRUM #323 - ST. LOUIS CARDINALS - EX-MT+ (1863)
1962 TOPPS DON LANDRUM #323 - ST. LOUIS CARDINALS - EX-MT+ (1863)

$12.74

View Details
B5438- 1991 Bill and Ted's Atypical Movie #s 1-100 -You Pick- 15+ FREE US SHIP
B5438- 1991 Bill and Ted's Atypical Movie #s 1-100 -You Pick- 15+ FREE US SHIP

$0.99

View Details
1970s The Barber Shop in 1863 Virginia City MT Madison Co Postcard Montana
1970s The Barber Shop in 1863 Virginia City MT Madison Co Postcard Montana

$3.82

View Details
Novelty  Replica Civil War Musket Rifle Model 1863 Made Mt Penn Pennsylvania USA
Novelty Replica Civil War Musket Rifle Model 1863 Made Mt Penn Pennsylvania USA

$9.99

View Details
1972 Sunoco Stamps Phil Wise Jets Nebraska - Omaha / South Dakota 6 - EX/MT
1972 Sunoco Stamps Phil Wise Jets Nebraska - Omaha / South Dakota 6 - EX/MT

$0.99

View Details