Confederate States of America See on September 24, 1863. But the Holy See never released a formal statement supporting or recognizing the Confederacy. In November 1863, Mann met Pope Pius IX in person and received a letter supposedly addressed "to the Illustrious and Honorable Jefferson Davis, President of the Confederate States of America"; Mann had mistranslated the address. In his report to Richmond, Mann claimed a great diplomatic achievement for himself, asserting the letter was "a positive recognition of our Government". The letter was indeed used in propaganda, but Confederate Secretary of State Judah P. Benjamin told Mann it was "a mere inferential recognition,
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