What did the government sell to finance the war

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History

Makhi Carr

10 September, 19:56

What did the government sell to finance the war

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Jamiya House · Answer 1

At that time, Treasury Secretary Chase suggested raising the unprecedented sum of $320 million to finance the war of rebellion through a combination of the sale of government bonds ($240 million), increased tariffs ($57 million), new taxes or duties ($20 million), and the sale of public lands ($3 million).

Enzo Cabrera · Answer 2

Government bonds

At that time, Treasury Secretary Chase suggested raising the unprecedented sum of $320 million to finance the war of rebellion through a combination of the sale of government bonds ($240 million), increased tariffs ($57 million), new taxes or duties ($20 million), and the sale of public lands ($3 million).