Paul Sorrells

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As far as the greater dollar volume of Charleston’s wartime trade is concerned, there were two reasons for this: Charleston was one of the principal ports for blockade runners because they were shut out of the other ports; and inflation so eroded the Confederate dollar that by March 1863 it required ten such dollars to buy what one had bought two years earlier. Indeed, the blockade was one of the causes of the ruinous inflation that reduced the Confederate dollar to one percent of its original value by the end of the war. To
Battle Cry of Freedom: The Civil War Era
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