A major economic shift during the war was the movement of the U.S. toward a 'Contractor State,' which meant:
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Correct answer: The government hired private companies to provide almost all war materials
The Union government relied on massive contracts with private firms for everything from boots to ironclad ships. This created a close relationship between business and government that would define the Gilded Age.
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More Economic and Social Impacts questions
- In the South, the war essentially destroyed the value of what major 'asset'?
- The Internal Revenue Act of 1862 established which of the following for the first time in U.S. history?
- The Legal Tender Act of 1862 was significant because it:
- Which of the following was a primary reason for the hyperinflation experienced by the Confederacy?
- The National Bank Act of 1863 was designed to:
- The Homestead Act of 1862 encouraged Western settlement during the war by: