Confederate States presidential election 1861, Jefferson Davis was elected Provisional President and Alexander H. Stephens was elected Provisional Vice President. Stephens took office on February 11 and Davis took office on February 18, 1861. On March 11, 1861, a permanent Constitution was adopted. Article II Section 1(1) reads: ""The executive power shall be vested in a President of the Confederate States of America. He and the Vice President shall hold their offices for the term of six years; but the President shall not be re-eligible."" Article II Section 1(7) of the Confederate Constitution provides citizenship to people "born in the United States prior to
Confederate States of America The Confederate government initially wanted to finance its war mostly through tariffs on imports, export taxes, and voluntary donations of gold. After the spontaneous imposition of an embargo on cotton sales to Europe in 1861, these sources of revenue dried up and the Confederacy increasingly turned to issuing debt and printing money to pay for war expenses. The Confederate States politicians were worried about angering the general population with hard taxes. A tax increase might disillusion many Southerners, so the Confederacy resorted to printing more money. As a result, inflation increased and remained a problem for the southern states throughout