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The Galloping Inflation of the Revolutionary War Period

Question 1

Multiple Choice

The galloping inflation of the Revolutionary War period


A) persisted throughout the 19th century because of over-issue of paper money by the states.
B) has been exaggerated; prices were, in fact, quite moderate during the War.
C) was particularly steep because the central government had no taxation powers to back it even partially.
D) was accelerated by the repudiation of most wartime-issued paper money following the War.

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