What advantage did the North have over the South at the beginning of the war?
A) A large federal reserve to tap into for war costs.
B) A stronger sense of mission in the desire to end slavery.
C) Massive industrial capacity and most of the nation's railroad track.
D) A large population of free blacks who enlisted to fight alongside whites.
E) A short distance within its defensive arc for moving troops and supplies.
Question 2
What did the National Bank Act of 1863 do?
A) It created a national bank in each Confederate state.
B) It established criteria by which a bank could get a federal charter and issue national bank notes.
C) It declared that it was a conflict of interest, and therefore illegal, for federally chartered banks to purchase federal war bonds.
D) It tied the value of Confederate currency to the price of cotton on the European market.
E) It took the Union off the gold standard.
(b) Espeletia in the Andes of South America.
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Secession of the South, 1860–1861
Annual Federal Deficit (or Surplus), 1992–2016