Solved

What Happened to Consumer Prices During the Civil War

Question 79

Multiple Choice

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.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents