Why Was the U

question 9

Multiple Choice

Why was the U.S. Treasury's decision to issue greenbacks a profoundly important development for the U.S. economy?

• A) It was the first time U.S. currency was backed by precious metals.
• B) It caused runaway inflation for the first time in American history.
• C) It was the first time U.S. currency could not be exchanged for gold or silver and instead relied on public trust in the government.
• D) It entirely eliminated the need for any government taxation during the war.
• E) It subordinated the U.S. dollar to the British pound for the duration of the nineteenth century.

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Definitions:

Micronutrient

Essential vitamins and minerals that an organism needs in small quantities for proper functioning of its metabolism.

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Enzymes that play a role in breaking down and synthesizing nitrogen-containing compounds, critical for amino acid and nucleotide metabolism.

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The act of removing someone's doubts or fears, often used in healthcare to help relieve patient anxiety.

Familiar Toys

Toys that are well-known and easily recognized by a child, which can provide comfort and a sense of security.