Question

banking in the u.s. before 1900 quick check
which of the following acts was passed to help fund the unions war efforts during the american civil war? (1 point)
○ specie circular of 1836
○ deposit and distribution act of 1836
○ national banking act of 1863
○ michigan act of 1837

Explanation:

The National Banking Act of 1863 was passed to help fund the Union's war efforts during the American Civil War. It established a system of national banks, which were required to purchase U.S. government bonds. This provided the Union with a source of funds for the war. The Specie Circular of 1836, Deposit and Distribution Act of 1836, and Michigan Act of 1837 were not related to funding the Union's war efforts during the Civil War.

Answer:

National Banking Act of 1863