We appreciate your visit to Which economic result of the Civil War affected both the North and the South A Inflation B Widespread hunger C Rising value of money D. This page offers clear insights and highlights the essential aspects of the topic. Our goal is to provide a helpful and engaging learning experience. Explore the content and find the answers you need!
Answer :
The correct answer is A) inflation.
The economic result of the Civil War that affected both the North and the South was inflation.
After the civil war, inflation was a real problem for both sides. The war heavily affected the North but the South suffered more than the North. The South used to base its economy on agriculture and slavery meanwhile the North had more industry. During the war, workers or farmers joined the armies and caused a decrease in supply. That is why prices rise in a fast way. That is the way to have inflation. The South had less cash than the North and tried to finance the war issuing war bonds and treasury notes but in reality, it had nothing to support the documents. The South decided to print money but it only caused more money in circulation, so the prices rose again.
Thanks for taking the time to read Which economic result of the Civil War affected both the North and the South A Inflation B Widespread hunger C Rising value of money D. We hope the insights shared have been valuable and enhanced your understanding of the topic. Don�t hesitate to browse our website for more informative and engaging content!
- Why do Businesses Exist Why does Starbucks Exist What Service does Starbucks Provide Really what is their product.
- The pattern of numbers below is an arithmetic sequence tex 14 24 34 44 54 ldots tex Which statement describes the recursive function used to..
- Morgan felt the need to streamline Edison Electric What changes did Morgan make.
Rewritten by : Barada