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What did inflation occur in both the North and South during the civil war?
Wiki User
∙ 6y ago
The limited supply of goods caused prices to rise. - APEX
Clarissa Nitzsche
Wiki User
∙ 13y agoit lmited supply of goods caused prices to rise. The worst affected was the south. They depended greatly on exports to Britain which could not happen due to the Union's Operation Anaconda,,, a full naval blockade of the south. They basicaally had to rely on blockade runners in order to get goods to Bitain and receive supplies.
Wiki User
∙ 8y agoAs the US Civil War progressed, the Confederate dollar began to lose its value. Thus more bills and government notes were issued and there was no gold or silver to back them up . Inflation became a serious problem for the South. In the North, the government ran up many costs to fund the war, however, they had gold and silver reserves to back up the dollar. There was less monetary problems in the North, if at all.
Lordz Svrite
The limited supply of goods caused prices to rise. - APEX
Maximillian Hermann
Kyleigh Kling
Wiki User
∙ 6y agoInflation is constantly used in all wars since there are less men to work for the companies.
Anonymous
Question Why did inflation occur in both the North and the South during the Civil War?
Lordz Svrite
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What statements correctly explains economic conditions in the South during the Civil War?
The statement that correctly explains economic conditions in the South during the Civil War was that they were very poor and relied heavily on agriculture. This greatly contrasted the North which was more industry oriented.
How was the south brought to economy ruin during the civil war?
The south was not allowed to import or export any goods during this blockade which lasted most of the Civil War.
How did the economics of the North and South differ during the US Civil War?
For all practical purposes, the Northern states at the beginning of the US Civil War was highly industrialized in comparison to the South. The North also enjoyed crop yielding land far enough away from threats by Confederate forces. The North had an extensive railway system and ship building capacity that was a strength for its economy. In the South, cotton and tobacco crops were the mainstay of its economy. The South was also heavily dependent economically on slave labor. This was not the case in the North, except for the slave holding Union border states.
Which describes a significant difference between the North and the South in the years leading up to the US Civil War?
The leading differences between the North and the South leading towards the US Civil War was their respective economies. The North was rapidly expanding manufacturing while the South was primarily an agricultural economy. Also, the Southern economy was driven by slaves. For the most part the North had few slaves at all.
What happened to the South's economy during the Civil War?
During the Civil War, the men were busy fighting. The South sold their cotton to England and the Union was blockading the coast to prevent that. Also General Sherman burned everything in his path to prevent the South from having food or supplies to fight. The South was devastated by the war.
Why did inflation occur in the north and the south during the civil war?
the limited supply of goods caused prices to rise.
Why did inflation in the north and south occur during the civil war?
the limited supply of goods caused prices to rise.
What was the lasting impact of the Civil War?
The impact that the Civil War had on the North and the South was: North: * North abolished slavery after the war because of the Emancipation Proclamation South * South grew poor * South experienced inflation
Why did food cost so much for the South during the Civil War?
inflation
Did North Carolina fight for the North or the South during the civil war?
The Confederate South.
Did the South or North have mainly agriculture during the Civil War?
South
Did Ohio fight for the south or the north during the civil war?
North
Was the union south or north during the civil war?
The Union was North(:
What were the disadvantages to the south during the civil war?
there not from the north
Who experienced greater hardships during the civil war the north or south?
South
Did the North or South have better resources during the US Civil War?
The North.
Which side south or north had access to the railroads during the civil war?
the north
