His diplomatic efforts failed to gain recognition from any foreign country, and at home, the collapsing Confederate economy forced his government to print more and more paper money to cover the war's expenses, leading to runaway inflation and devaluation of the Confederate dollar.
His diplomatic efforts failed to gain recognition from any foreign country. The collapsing Confederate economy forced his government to print more and more paper money to cover the war's expenses. This was at home. The collapsing Confederate economy was leading to runaway inflation and devaluation of the Confederate dollar. This was at home.