The confusing mix of currencies issued in the Confederacy helped to undermine monetary stability in the South. Throughout the war, many private banks and other businesses continued to circulate their own notes. This practice only added to the glut of paper money being produced by the South's national government, by every southern state government, and by numerous local authorities. The Bank of Chattanooga was one such private bank. This 1861 note was produced for the bank by a well-known printer outside Tennessee, Jules Manouvrier of New Orleans. |
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