Congress of the Confederate States the Confederate government. The permanent Confederate Constitution served for the duration of the government with only one Amendment on May 21, 1861, when Congress was given the right to draw multiple federal judicial districts in the large states. The reservations of the South Carolina secession convention ratification were never taken up by any other state legislatures. Sitting as the Provisional Congress, the gathering elected Jefferson Davis President of the Confederate States of America on February 9, the day after the Provisional Constitution had been adopted and five days after initially convening in Montgomery. On February 21, a week before it
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