Question

The deflation of the Reconstruction period had which of the following economic consequences?
A) It offered farmers a welcome reprieve.
B) It gave debtors temporary relief because falling prices reduced the cost of loans.
C) It increased the real income of those who held bonds, such as those issued by the government during the Civil War.
D) It triggered a surge in investments and boosted employment across the nation, particularly in the West.

Answer

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