Confederate States presidential election Confederate States presidential election The 1861 Confederate States presidential election was the only presidential election held under the Permanent Constitution of the Confederate States of America. Jefferson Davis, who had been elected president and Alexander H. Stephens, who had been elected vice president, under the Provisional Confederate States Constitution, were elected to six-year terms (February 22, 1862 – February 22, 1868) as the first permanent President and Vice President of the Confederate States of America. The Provisional Confederate States Congress met at Montgomery, Alabama, on February 4, 1861. A provisional constitution was adopted on February 8, 1861. On February 9,
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