A Short History of the Confederate States of America A Short History of the Confederate States of America A Short History of the Confederate States of America is a memoir written by Jefferson Davis, completed shortly before his death in 1889. Davis wrote most of this book while staying at Beauvoir along the Mississippi Gulf Coast near Biloxi, Mississippi. The book is much less a Davis memoir than an articulation of the secession argument. In Davis' earlier work, "The Rise and Fall of the Confederate Government", he had written what is probably the most thorough exegesis of the compact theory of the United States Constitution in existence, devoting the
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