Author Question: What happened to consumer prices during the Civil War? A) The North had an inflation rate of 80, ... (Read 39 times)

jon_i · **on:** Jul 4, 2018

What happened to consumer prices during the Civil War?

A) The North had an inflation rate of 80, while the South had an inflation rate of 9,000.
B) Prices remained relatively stable in both the North and the South because of government controls.
C) The South experienced a drastic downward spiral of deflation, while northern prices skyrocketed.
D) Both the northern and southern economies suffered from crippling declines in prices and wages.
E) Both the northern and southern economies boomed, as prices rose slowly and modestly.

Question 2

Of all the methods the northern and southern governments used to finance the war, which was the most effective in raising revenue?

A) Income taxes
B) Property taxes
C) Government war bonds
D) Printing paper money
E) Sales taxes