The Confederacy adopted a tariff or tax on imports of 15%, and imposed it on all imports from other countries, including the United States. The tariff mattered little; the Union blockade minimized commercial traffic through the Confederacy's ports, and very few people paid taxes on goods smuggled from the North. The Confederate government in its entire history collected only $3.5 million in tariff revenue. The lack of adequate financial resources led the Confederacy to finance the war through printing money, which led to high inflation. The Confederacy underwent an economic revolution by centralization and standardization, but it was too little too late as its economy was systematically strangled by blockade and raids.