How did the creation of greenbacks during the Civil War impact the US banking and financial system?
Group of answer choices
It showed how paper money could work in the country.
It abolished the Morrill Act.
It led to the establishment of the Homestead Act.
It increased the federal government's control over the banking system.
It caused inflation and a fluctuation in the value of the currency.
It increased the amount of money in circulation, leading to economic growth.
It caused some banks to fail while others thrived due to increased resources.