Explain why it was easier for the Union to handle the costs of the Civil War without causing serious inflation than it was for the Confederacy.
A) The Union had a highly centralized economy with a national currency, allowing for better financial management.
B) The Union relied heavily on foreign loans, leading to massive inflation and economic instability.
C) The Confederacy had a well-established industrial base, which enabled them to manage inflation effectively.
D) The Union lacked a stable banking system, causing hyperinflation during the war.
