Russian Ruble Falls Like Confederate Dollar скачать в хорошем качестве

Russian Ruble Falls Like Confederate Dollar

There is an Uncanny Monetary parallelled history between the Fall of the Russian Ruble and the fall of the Confederate dollar. The reasons behind this parallel history are similar; the drivers of the Ruble's collapse are similar to the collapse of the Jonny Reb Dollars. As a thought experiment in history and economics, and a lesson in economics and history there is value here even if the currencies do not have value. I examine the dramatic economic collapse of the Confederate currency by 1864, a turning point that underscored the Confederacy’s looming defeat in the American Civil War. This analysis covers the Confederate dollar’s trajectory from initial value to near worthlessness, driven by multiple factors that led to hyperinflation. The Russian Ruble is in 1863 in that timeline and 1864 will be 2025 and 1865 will be 2026. Key issues explored include the Confederate government’s reliance on excessive currency printing to finance the war effort. This unrestrained issuance of currency, absent sufficient resources to back it, quickly eroded its value, causing the Confederate dollar to lose approximately 90% of its purchasing power since the war’s start in 1861. As prices for essential goods skyrocketed, the Confederacy saw an economic collapse marked by shortages and a currency that could barely serve as a means of exchange. Public confidence in Confederate currency further waned as major military defeats in 1864, including the fall of Atlanta, weakened hopes of a Southern victory and made economic stability seem increasingly unattainable. Citizens, already distrustful of government-backed currency, shifted toward bartering and using alternative hard currencies like British pounds, Union greenbacks, and gold, further accelerating the currency’s devaluation. The video also touches on government attempts at intervention, including forced loans and war bonds with high interest rates, which saw limited success due to inflation and declining faith in the Confederate economy. Ineffective price controls on essential goods intended to combat inflation led to shortages and an active black market, highlighting the Confederacy’s lack of a cohesive economic policy and central bank structure. Please join me in this exploration how Confederate economic policies—rooted in monetary expansion and heavy reliance on a single commodity (cotton)—combined with military defeats led to the currency’s collapse by early 1865. This episode provides an in-depth look at the Confederate dollar’s rapid decline, illustrating the interplay of war finance, public confidence, and economic survival during one of the most volatile periods in American history.