Author Question: With regard to the cost of the Civil War (18611865), Hughes and Cain (2011) argue all of the ... (Read 78 times)

abern · **on:** Jun 30, 2018

With regard to the cost of the Civil War (18611865), Hughes and Cain (2011) argue all of the following except

(a) It mobilized idle men and other resources on a vast scale.
(b) The cost of the lives lost can be measured using the concept of human capital.
(c) The war's cost could have purchased all the slaves from their owners at 1860 prices, given each slave family 40 acres and a mule, and still had 3.5 billion left over for reparationsback wages to the freed slaves.
(d) The real burden was widely felt by those individuals who owned Confederate financial assets, those whose crops and farm animals were sequestered, those whose homes and farm buildings were destroyed, and the dead.

Question 2

With regard to incomes at the time of the Revolution,

(a) colonial incomes before taxation were high, but because of heavy taxation, after-tax incomes were lower than those of the British.
(b) there is no data available that provide any information on the subject.
(c) both before-tax and after-tax colonial incomes were lower than those in England.
(d) incomes in the colonies were higher than in England, especially after-tax incomes, because
of relatively light taxation of the colonists.