President of the Confederate States of America of additional wagons, ambulances, and carriages, also carrying some Confederate archives papers and the C.S.A. Treasury banknotes and remnants of gold/silver bullion. The last official Cabinet meetings of the Presidential Cabinet of the Confederate States took place at Charlotte, on April 24, and 26, then later on May 4; when President Davis left Washington, Georgia, the party consisted only of his aides and Postmaster General Reagan. Elements of the United States Cavalry / Union Army captured Davis and his companions at an encampment near Irwinville, Georgia on May 10, 1865. Jefferson Davis was imprisoned at Fort Monroe, by the Hampton
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