How did President Lincoln resolve the sudden loss of revenue coming into the federal treasury in the years after the South seceded from the Union? (Select all that apply.)

a. The president sold at a profit all of the former federal buildings in the southern states.
b. The president passed the Revenue Act of 1861, which said that all citizens would tax to support the war.
c. The president sold war bonds through the U.S. Treasury, which were purchased by banks and investors.
d. The president ordered that salaries for union soldiers be reduced by half until the end of the war.

Respuesta :

The president resolved the sudden loss by passing the Revenue Act of 1861, which said that all citizens would tax to support the war.

The answer to this question is option  b.

The Revenue Act of 1861

The revenue act was signed by president Lincoln in order to have the nation or the union take care of civil war expenses.

A tax of 3 percent was imposed on the citizens that had income that was more than 800 dollars.

Also imports were also taxed in the country in order to take care of the expenses.

Read more on the the Revenue Act of 1861 here:

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