The American Revolution,the Civil War (1861-65)and World War I (1914-18)

Question

Quizplus · Accepted Answer

All three events diverted significant resources from private uses towards war-related uses, including human resources, capital, and materials.

Answer: D
 Each of these wars required significant financial resources, resulting in the contraction of money supply and increased government borrowing to finance the war efforts. This led to inflation and higher interest rates, which can constrain economic growth in the long term.

Therefore, options B and C are not applicable as they do not accurately represent the economic consequences of these wars.