Who is to blame?
Causes of inflation
- Bad harvest of 1862
- Union blockade and capture of Avery Island
- Southern government didn't have money to support themselves
Can we blame Davis?
No he can not control the money flow of the Conferderacy
South Capital struggles to support themselves
The money was to tied up in the war and slavery
By the end of the war inflation grew by 9000%
Effects of inflation
- Prices rose too as much as 9000%
- Several bread riots
- Confederacy loses the civil war