Existing comment:
$100 Bond Certificate No. 219, Issued by the Confederate States of America, State of Louisiana, 1862
In order to raise capital the Confederate government as well as individual states in the South issued monetary bonds. Investors, especially abroad, bought into the plan expecting to be able to see a return after the War. Unfortunately, for these individuals when the Confederacy dissolved in 1865, the United States refused to assume the debts. Thousands of investors were left with nothing but some colored paper. |