The data are as follows: in 1860, $0.6 in 1863, $1.2 in 1865, $2.55 in 1870, $2.5 in 1900, $2.2. Dollar values are estimated. Question Use the image to answer the question. Based on the graph, what can be said of how the Civil War affected the U.S. economy? (1 point) Responses During the Civil War, the nation’s debt grew by a large amount. During the Civil War, the nation’s debt grew by a large amount. By the end of the Civil War, the nation had begun to reduce war spending. By the end of the Civil War, the nation had begun to reduce war spending. The Civil War put the nation in as much debt as it had been in 75 years earlier. The Civil War put the nation in as much debt as it had been in 75 years earlier. The Civil War cut the nation’s debt by about half.
1 answer
Based on the data provided, it can be inferred that the Civil War had a significant impact on the U.S. economy, particularly regarding the national debt. The most accurate statement would be:
"During the Civil War, the nation’s debt grew by a large amount."
This is because the amount of debt increased significantly from 1860 to the different years listed during and after the Civil War, indicating a rise in financial obligations due to war spending.
