Cotton pledged.
Cotton was used as loan collateral.
Printable View
Cotton pledged.
Cotton was used as loan collateral.
Cotton standard instead of Gold standard! :D:lol:
Actually your bill proves my point.
-The date on that bill is 1862... Even at the time there were so many forgeries that it was unstable.
-Confederate money is today only valued by collectors as a curiosity - it has no value as an instrument of currency.
-Any farmer knows that crops are subject to the whims of the weather...and the occasional marauding army.
........................and the very sad trail of Slavery in which Britain played its major part, in that illusive money making "triangle". Nuff said!:o