Which statement best describes Union efforts to pay for the Civil War

The Union printed and borrowed money, which caused inflation.

The Union sold bonds and took out loans, which caused deflation.

The Union used Confederate currency and forced the South to pay.

The Union sold bonds to the Confederacy and forced the South to pay

Question

History

Clarence Dodson

7 May, 19:48

Which statement best describes Union efforts to pay for the Civil War

The Union printed and borrowed money, which caused inflation.

The Union sold bonds and took out loans, which caused deflation.

The Union used Confederate currency and forced the South to pay.

The Union sold bonds to the Confederacy and forced the South to pay

+2

Answers (2)

Know the Answer?

Jaxson Washington · Answer 1

The statement that best describes Union efforts to pay for the Civil War is that " The Union sold bonds and took out loans, which caused deflation" since selling bonds decreases the money supply.

Abbigail Mendez · Answer 2

Wrong the correct answer is a " The Union printed and borrowed money, which caused inflation"