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What caused the inflation (prices rising) of goods during the Civil War?
When the Civil War ended in April 1865 the cost of living in the South was 92 times what it was before the war started. This inflation was obviously caused by the expansion of the money supply. All bills not converted by April 1 would be exchanged for a new issue at a ratio of 2 for 3.
When the Civil War ended in April 1865 the cost of living in the South was 92 times what it was before the war started. This inflation was obviously caused by the expansion of the money supply.
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