Confederate States of America Confederacy, immediately following Fort Sumter the Confederate Congress proclaimed that "war exists between the Confederate States and the Government of the United States, and the States and Territories thereof". A state of war was not to formally exist between the Confederacy and those states and territories in the United States allowing slavery, although Confederate Rangers were compensated for destruction they could effect there throughout the war. Concerning the international status and nationhood of the Confederate States of America, in 1869 the United States Supreme Court in ruled Texas' declaration of secession was legally null and void. Jefferson Davis, former President
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