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  • Sound familiar?

    This is in my history book, I thought it sounded frighteningly familiar...

    So the Confederacy had to pay about 60 percent of its [war] expenses by printing paper money. The flood of currency created a spectacular inflation: By 1865, prices had risen to ninety-two times their 1861 level. As the vast supply of money (and shortage of goods) caused food prices to soar, riots broke out in more than a dozen southern cities and towns. In Richmond, several hundred women broke into bakeries, crying, "Our Children are starving while the rich roll in wealth."...Facing a public that feared strong government and high taxation, the Confederacy could sustain the war effort only by seizing its citizens' property.
    I cut out a section in the middle about citizens seizing a government warehouse and refusing to accept paper currency.

  • #2
    [QUOTE=MustangGal;15326]This is in my history book, I thought it sounded frighteningly familiar...
    Along with Argentena, Germany pre war along with a few other places
    Knowledge is Power, Practiced Knowledge is Strength, Tested Knowledge is Confidence

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    • #3
      Coming soon to a country near you...
      www.homesteadingandsurvival.com

      www.survivalreportpodcast.com

      "Don't be too proud of this technological terror you've constructed..."

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      • #4
        we have to learn from our mistakes not keep making the same ones.

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        • #5
          Now we need to wait.

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