Confederate States of America Confederate Constitution overtly asked God's blessing ("... invoking the favor and guidance of Almighty God ..."). The Montgomery Convention to establish the Confederacy and its executive met on February 4, 1861. Each state as a sovereignty had one vote, with the same delegation size as it held in the U.S. Congress, and generally 41 to 50 members attended. Offices were "provisional", limited to a term not to exceed one year. One name was placed in nomination for president, one for vice president. Both were elected unanimously, 6–0. Jefferson Davis was elected provisional president. His U.S. Senate resignation speech greatly impressed
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