Final answer:
During the Civil War, the Confederate and Union governments used various means to finance their wars, such as printing money, taxing, and borrowing. The Confederacy relied heavily on printing money, which resulted in inflation. Meanwhile, the Union utilized loans, taxes, and the sale of war bonds to finance the war.
Step-by-step explanation:
During the Civil War, both the Confederate and Union governments faced the challenge of financing their respective wars. Governments have limited options to pay for wars, including taxing, borrowing, printing money, confiscating supplies, and conscripting labor. Both sides implemented a combination of these methods. The Confederacy relied heavily on printing money, which led to inflation, while the Union utilized loans and taxes, including the sale of war bonds, to finance the war.