Paper Money In The Civil War
9 Questions
| Total Attempts: 35
Questions and Answers
- 1.The Confederate government issued a vast array of paper currencies — at least ____ different types of currency.
- A.
Seventy
- B.
Seven
- C.
Seven hundred
- 2.Besides the Confederate government, who else printed money in the South?
- A.
Cities, Counties, and States
- B.
State Governments
- C.
State governments, banks, insurance companies, and businesses.
- 3.The Confederate paper money could be traded for gold.
- A.
True
- B.
False
- 4.The Confederate government used paper money since it had little gold or silver.
- A.
True
- B.
False
- 5.Paper money was like a _________, or a promise to pay.
- A.
Payment
- B.
Pay
- C.
Loan
- 6.Due to the blockade and other factors, the Confederate government printed more money than there were __ to buy in the South.
- A.
Goods
- B.
Currency
- C.
Bonds
- 7.Too much money, a lack of goods to buy, and a lack of faith in paper money resulted in rampant __________ — rapidly rising prices of goods.
- 8.Inflation made it difficult for some North Carolinians to ________ themselves.
- 9.The price of _______ rose 2500 percent.
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