What method did the U.S. use to fund most of the cost of the Revolutionary War?
a. Increases in taxes
b. Increases in the issue of paper money
c. Increases in bond sales
d. Increases in tariffs
Question 2
What most accurately describes the U.S. balance of payments?
a. From 1850-1873 the U.S. had an unfavorable balance of payments, but exports exceeded imports from 1873-1919.
b. The U.S. had an unfavorable balance of payments from 1850-1919.
c. Exports exceeded imports from 1850-1919
d. The U.S. had a favorable balance of payments from 1874 until World War I. During the war U.S. imports exceeded imports.
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