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The limited supply of goods caused the prices to rise.

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14y ago

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Ask us did inflation occur in both the North and the South during the Civil War?

Yes, inflation occurred in both the North and the South during the Civil War, but the extent and causes differed. In the South, inflation was more severe due to the Confederacy's reliance on printing money to finance the war, leading to skyrocketing prices and currency devaluation. In the North, while inflation did occur, it was more controlled thanks to a stronger economic base and measures like the issuance of bonds and a stable currency. Overall, both regions faced inflationary pressures, but the South experienced a more dramatic impact.


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