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Timothy B. Smith

Print publication date: 2010

Print ISBN-13: 9781604734294

Published to University Press of Mississippi: March 2014

DOI: 10.14325/mississippi/9781604734294.001.0001

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“Patriotism Enough to Bear Such a Tax as This”

“Patriotism Enough to Bear Such a Tax as This”

Chapter:
(p.88) Chapter Five “Patriotism Enough to Bear Such a Tax as This”
Source:
Mississippi in the Civil War
Author(s):

Timothy B. Smith

Publisher:
University Press of Mississippi
DOI:10.14325/mississippi/9781604734294.003.0006

This chapter explores Mississippi’s economy, which began the war in bad shape and only grew worse, especially in the latter half of the conflict. Issues such as speculation, inflation, and taxation ate away at the state’s fiscal health. By the mid part of the war, the state was deep in debt and had little means by which to pay for its actions or to aid its people. With Confederate money worthless and prices extremely high on almost everything, the legislature eventually opted for taxes in kind, which hurt the people as well.

Keywords:   economy, speculation, inflation, taxation, fiscal health

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