Both the Union and the Confederacy had problems funding their enormous Civil War efforts. One way both governments had to raise revenue was by selling war bonds. Although the one pictured here was printed, it was never sold. Beneath the bond are printed coupons. These would be clipped off and taken to a post office or other government office. The government then paid the interest it owed on them. At the end of the war and the surrender of the Confederacy, all Confederate bonds became worthless.
Confederate bond. Confederate Congress, 1863. Pocumtuck Valley Memorial Association, American Centuries. https://americancenturies.org/collection/l02-023/. Accessed on October 16, 2024.
Please note: Citations are generated automatically from bibliographic data as a convenience, and may not be complete or accurate.