Confederate States of America

:For other meanings of confederate and confederacy, see confederacy (disambiguation)

Economy

The Confederate States had an agrarian-based economy that relied heavily on slavery plantations. The main products of the CSA were cotton, rice, tobacco, and sugar cane, with some cattle and much grain. The states that formed the CSA (excluding Missouri and Kentucky) produced $155 million in manufactured goods in 1860; their main products were flour and meal, lumber, processed tobacco, cotton goods, and turpentine. The CSA adopted a free trade policy, but this was undermined by the Union blockade. The lack of adequate financial resources led the Confederacy to finance the war through printing money, which in turn led to high inflation.

Related Topics:
Free trade - Inflation

~ ~ ~ ~ ~ ~ ~ ~ ~ ~