Ask Question
4 November, 02:56

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. Loss of natural resources

+1
Answers (1)
  1. 4 November, 03:10
    0
    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.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “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. ...” in 📗 History if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers