Asked by Danna Carreño on Jul 07, 2024
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Lincoln raised the money to pay for the war mostly through an income tax.
Income Tax
A tax imposed by the government directly on individuals' or entities' income.
Lincoln
The 16th President of the United States, Abraham Lincoln, who led the nation during the Civil War and is known for issuing the Emancipation Proclamation.
Pay for the War
Refers to the methods and strategies used by governments to finance military conflicts, often involving taxes, bonds, or borrowing.
- Examine the financial consequences of the Civil War for both the Northern and Southern states.
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Learning Objectives
- Examine the financial consequences of the Civil War for both the Northern and Southern states.
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