The Confederacy's Primary Mechanism for Generating Revenue During the Civil

question 20

Multiple Choice

The Confederacy's primary mechanism for generating revenue during the Civil War was to:

• A) Raise taxes.
• B) Increase trade and gain more money from exports.
• C) Borrow more money.
• D) Print more money.

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Definitions:

Commodity

A basic good used in commerce that is interchangeable with other goods of the same type.

Tax

a financial charge or other levy imposed upon a taxpayer by a governmental organization in order to fund public expenditures.

Tax Avoidance

The legal practice of arranging one's financial affairs to minimize tax liability within the law.

Tax Evasion

The illegal practice of not paying taxes by individuals or corporations through various methods, including underreporting income.