$1,000 Confederate States of America - CR-4, Ball-16 - $1,000 Confederate Montgomery, Alabama Bond - Serial #295
Inv# CF1151 Bond$1,000 Bond, CR-4, Ball-16. Even toning. The Confederate States of America (CSA), often referred to as the Confederate States (C.S.), the Confederacy, or simply the South, was an unrecognized secessionist republic in the Southern United States that existed from February 8, 1861, until May 5, 1865. This Confederacy was formed by eleven states that chose to secede from the Union: South Carolina, Mississippi, Florida, Alabama, Georgia, Louisiana, Texas, Virginia, Arkansas, Tennessee, and North Carolina. These states engaged in conflict with the United States during the American Civil War. The election of Abraham Lincoln as President in 1860 prompted a segment of the Southern states to believe that their plantation economies, reliant on slavery, were under threat, leading them to secede from the Union.
The Confederacy was officially established on February 8, 1861, with the initial states of South Carolina, Mississippi, Florida, Alabama, Georgia, Louisiana, and Texas. They enacted a new constitution that created a confederation of "sovereign and independent states." Reactions varied, with some Northerners expressing a desire for the Confederacy to depart peacefully, while certain Southerners wished to remain loyal to the Union. The federal government based in Washington D.C. and the states aligned with it were collectively known as the Union.
A bond is a document of title for a loan. Bonds are issued, not only by businesses, but also by national, state or city governments, or other public bodies, or sometimes by individuals. Bonds are a loan to the company or other body. They are normally repayable within a stated period of time. Bonds earn interest at a fixed rate, which must usually be paid by the undertaking regardless of its financial results. A bondholder is a creditor of the undertaking.
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