Confederate States presidential election 1861, Jefferson Davis was elected Provisional President and Alexander H. Stephens was elected Provisional Vice President. Stephens took office on February 11 and Davis took office on February 18, 1861. On March 11, 1861, a permanent Constitution was adopted. Article II Section 1(1) reads: ""The executive power shall be vested in a President of the Confederate States of America. He and the Vice President shall hold their offices for the term of six years; but the President shall not be re-eligible."" Article II Section 1(7) of the Confederate Constitution provides citizenship to people "born in the United States prior to
Economy of the Confederate States of America total US exports by dollar value. Confederate leaders believed that this would give the new nation a firm financial basis. Cotton was the primary export, accounting for seventy-five percent of Southern trade in 1860. The Confederate States entered the war with the hope that its near monopoly of the world cotton trade would force the European importing countries, especially Great Britain and France, to intervene in the war on her behalf. In 1861, Southerners at the local level imposed an embargo on cotton shipments — it was not the government's policy. Millions of bales of cotton went unshipped, and by