Confederate States presidential election Source (Electoral Vote): CSA President. "Our Campaigns". (August 30, 2012). "Journal of the Congress of the Confederate States of America, 1861-1865" [Volume 5], Journal of the House of Representatives of the First Congress of the Confederate States of America, Second Day—Wednesday, February 19, 1862, page 12 and page 13 Confederate States presidential election The 1861 Confederate States presidential election was the only presidential election held under the Permanent Constitution of the Confederate States of America. Jefferson Davis, who had been elected president and Alexander H. Stephens, who had been elected vice president, under the Provisional Confederate States Constitution, were elected
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