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.
The Civil War cut the nation’s debt by about half.
Skip to navigation
Based on the given data, the correct answer is: During the Civil War, the nation's debt grew by a large amount.
To determine the impact of the Civil War on the U.S. economy based on the given data, we need to analyze the changes in the nation's debt during and after the war.
Looking at the given data, we can see that the dollar values mentioned are estimated. However, we can still make some observations:
1. In 1860, the debt is not mentioned, so we cannot determine its starting point before the war.
2. In 1863, the debt is mentioned as $1.2.
3. In 1865, during the Civil War, the debt is mentioned as $2.55.
4. In 1870, after the war, the debt is mentioned as $2.5.
5. In 1900, which is several decades after the war, the debt is mentioned as $2.2.
From the given data, we can observe that the nation's debt increased during the war (from $1.2 in 1863 to $2.55 in 1865) and remained relatively high after the war (as it was $2.5 in 1870 and $2.2 in 1900). Therefore, we can conclude that during the Civil War, the nation's debt grew by a large amount and did not significantly reduce by the end of the war.
Based on these observations, the appropriate response would be: During the Civil War, the nation’s debt grew by a large amount.