C.S.A.: The Confederate States of America secede from the Union to form the Confederate States of America (C.S.A.) after Republican Abraham Lincoln is elected president in the 1860 election, due to fears over the abolition of the ownership of Negro slaves. The C.S.A. engage with the Union in "The War of Northern Aggression"; following the Union victory in the Battle of Antietam, President Lincoln issues a revolutionary proclamation entitled the "Emancipation Proclamation," but—within this alternate history—the proclamation fails. Confederate President Jefferson Davis takes this opportunity to counteract the Proclamation and send politician Judah P. Benjamin to persuade the United Kingdom and France to provide military and
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