Civil War Quiz: What Do You Know About Money During the Civil War?

Q#1 – What was the nickname given to US Government paper money?

Q#2 – The Confederate States dollar was backed with what?

Q#3 – There were two forms of US paper money – what were they?

Q#4 – What was the nickname given to Confederate Government paper money?

Q#5 – Before the Civil War, what was the only form of money issued by the United States?

Q#6 – What was the redemption phrase that was printed on Confederate money?

Q#7 – What was the name of President Lincoln’s first Secretary of the Treasury?

Q#8 – What was the name of President Davis’s first Secretary of the Treasury?

Q#9 – What were the interest rates offered by Northern banks when the Lincoln Administration initially sought loans at the beginning of the Civil War?

Q#10 – Which two Confederate states came up with their own form of redemption for Confederate paper money?

Q#11 – For Union paper money, what were the three denominations other than $1, $2, $5, $20, and $50 issued?

Q#12 – Confederate paper money was issued in the exact same denominations as Union paper money with one exception – what was that exception?

Q#13 – Which two Union states defied the Legal Tender Act of 1862, which authorized the US Congress to issue $150 million in paper currency that was not backed with gold or silver?

Q#14 – Why did Confederate paper money printers have to lift by offset or lithographic process scenes that had been used on whatever notes they had access to?

Q#15 – For Union paper money that was not backed by any assets, at the end of the Civil War, how many paper dollars did it require to purchase $100 in gold?