Jefferson Davis: His Role in Confederate Defeat

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Section 1: Identification and Evaluation of Sources The American Civil War is a profound event in history which ended the Southern attempt for secession upon the victory of the Union. Since the conclusion of the Civil War, historians have debated why the South lost the war or why the North won the war but to determine the true reasons for Confederate defeat, the effectiveness of the man in power on the Southern side must be judged. Jefferson Davis, the president of the Confederate States of America, is often blamed by historians for leading the Confederate states to the ultimate defeat in the Civil War. The purpose of this investigation is to explore how the actions of Jefferson Davis as president of the Confederacy were ineffective in leading …show more content…

In fact, a notable expert on the Confederacy revealed that “the single greatest weakness of the Confederate government, he thought, was in the mishandling of finances” (Eaton 196). Due to the excessive amount of time Davis spent in military affairs, the reigns of the Confederate economy remained in the hands of the Secretary of the Treasury, Christopher Memminger. As the war raged on, the economy of the South declined because Memminger was forced to issue paper money to maintain the ailing Confederate army because the states failed to collect effective taxes and tariffs during wartime (197). Excessive amounts of paper money flooded the economy with no gold backing by government reserves which led to massive inflation and a low valued currency. Davis’s failure to react in a timely manner to the declining economy led to the desperate by Congress measure which “enacted law taxing all property, real and personal (slaves), 5 percent, and jewelry and articles of luxury ten percent” but only raised “about one per cent income in taxes” (200). The discrepancy between the large increase and taxes and the minimal increase in income created insurmountable inflation in the economy. Although Memminger and Congress were responsible for fixing the faltering economy, Davis failed to effectively oversee his Secretary of Treasury to ensure the economic state of the

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