Confederate States Department of the Navy Confederate States Department of the Navy The Department of the Navy was the Confederate Civil Service department responsible for the administration of the affairs of the Confederate Navy and Confederate Marine Corps. It was officially established on February 21, 1861. The Department of the Navy was established by an act of the Provisional Confederate Congress in Montgomery, Alabama which passed into law on February 20, 1861. This act also established the position of Secretary of the Navy which was according to the act authorized to handle all affairs related to the navies of the Confederacy. President Jefferson Davis nominated and
Economy of the Confederate States of America issuing a million dollars in notes in February 1861, and added to this amount during each subsequent session of the legislature. The other states followed suit. Cities also sought to replenish their treasuries in the same way. Corporations and other business concerns tried to meet the rising tide of prices with the issue of their individual promissory notes intended to circulate from hand to hand. As a result of this redundancy of the currency, its value collapsed. Gold was quoted at a premium in Confederate notes in April 1861. By the end of that year, a paper dollar was quoted