meppamig
meppamig meppamig
  • 19-03-2020
  • History
contestada

How did the South hope to pay for the war?

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baileye2004
baileye2004 baileye2004
  • 19-03-2020
The south issued so much paper money because it’s ability both to tax the population and to sell bonds was severely limited.
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Аноним Аноним
  • 19-03-2020

Answer:

Hello, The South also raised the necessary funds by printing paper money. In fact, this funded about 60 percent of the cost of war, though printing so much money caused a huge increase in inflation. It also borrowed money from the wealthiest people in society, as did the North.  Hope That Helps!

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