Confederate Bonds were debt securities issued by the Confederate States of America during the American Civil War (1861-1865) to finance their military efforts. These bonds were sold to investors, promising to pay back the principal amount with interest after a specified period. The bonds were seen as a way to support the Confederate cause while also offering a potential financial return. As the war progressed and the Confederacy faced increasing challenges, the value of these bonds declined significantly. After the war ended, the bonds became worthless, as the Confederate States were unable to repay their debts, leading to financial losses for many investors.