According to the Quantity Theory of Money,the excessive printing of currency (the issuance of greenbacks and national bank notes)generated the post-Civil War increases in

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According to the Quantity Theory of Money, an increase in the supply of money leads to an increase in prices. Therefore, the excessive printing of currency after the Civil War would have generated increases in prices, not productivity or production. It is also unlikely that real wages and incomes would have risen for all individuals as a result of inflation.

According to the Quantity Theory of Money,the Excessive Printing of Currency