Final answer:
Confederate and Union leaders often shared military backgrounds but faced different political and strategic challenges, with Jefferson Davis managing internal dissent and Abraham Lincoln dealing with logistics of conquering Confederate territory. Financial strategies differed as well, with the South relying on treasury notes versus the North's varied finance methods.
Step-by-step explanation:
The leaders of the Confederacy compared with Union leaders in terms of military education and strategic approaches were quite similar, as most had studied at West Point and had prior experience from the Mexican-American War. Jefferson Davis and Abraham Lincoln differed in the challenges they faced; Davis contended with internal dissent, states' rights issues, and resistance to centralized power, while Lincoln had to maintain long supply lines and contend with hostile populations in conquered areas. The Confederate leaders generally had to defend their large territories while needing less manpower, whereas Union leaders had to establish control over those areas, resulting in unique strategic challenges for both.
Financially, the Confederacy largely depended on treasury notes, struggling with loans and taxation, while the Union utilized bank loans, war bonds, taxes, and their treasury notes to finance the war effort. Although the Confederate Army could draw on skilled military leaders and a fighting populace, the North's overwhelming resources and economic growth policies enacted during the war added to the Union's advantages.