The American Revolution, the Civil War (1861–65) and World War I (19

The American Revolution, the Civil War (1861–65) and World War I (1914–18)

(a) diverted U.S. resources from peace-time, private uses and toward war-related uses.
(b) encouraged the efficient allocation of resources.
(c) increased long-term investment opportunities.
(d) resulted in the excessive contraction of money to finance war efforts.

ANSWER

(a)