History of the United States I / Unit 15 USH1 2133 short lesson, about 20 seconds
Confederate Taxes and Inflation
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The idea
The Confederate Congress refused to tax enslaved people or cotton, adopting a plan that favoured the southern elite, and printed money instead.
In practice
Runaway inflation following directly from the printing.
Where people slip
A government that will not tax its own principal form of wealth has one remaining option, and that option is what produced the bread riots at entry 2134.
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