The Union war effort was financed primarily by

Question

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War bonds were the primary source of financing for the Union war effort. These were government-issued bonds that were sold to individuals and institutions to raise funds for the war. The government promised to pay interest on the bonds and to repay the principal at a later date. By the end of the war, the government had sold over $2 billion worth of bonds. Other sources of financing, such as taxes and tariffs, were also used, but war bonds were the largest source of funding.

The Union War Effort Was Financed Primarily by