President of the Confederate States of America advice and consent of the senate. He was further empowered to grant reprieves and pardons, and convene and adjourn either or both houses of Congress under extraordinary circumstances. The president was indirectly elected by the people through the Electoral College to a six-year term, and was one of only two nationally elected Confederate officers, the other being the Vice President. On February 18, 1861, Jefferson Davis became president of the provisional government. On February 22, 1862, he became president of the permanent government and served in that capacity until being captured by elements of the United States Cavalry in 1865.
Economy of the Confederate States of America Times to 1970" available on-line from the U.S. Census Bureau. Economy of the Confederate States of America The Confederate States of America had an agrarian-based economy that relied heavily on slave-worked plantations for the production of cotton for export to Europe and the northern US states. If ranked as an independent nation, it would have been the fourth richest country of the world in 1860. When the Union blockaded its ports in summer 1861, exports of cotton fell 95 percent and the South had to restructure itself to emphasize food and munitions production. After losing control of its main rivers