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Confederate bond

(c) Pocumtuck Valley Memorial Association, Deerfield MA. All rights reserved.
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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 bond pictured here was printed, it was never sold. That was a typical problem for the south, since it was never able to fully fund its war effort. Beneath the main bond are printed coupons. These coupons 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.


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