Question

Which of these would be the BEST example of wartime profiteering? A) soldiers receiving their supplies during the Mexican War B) southern farmers selling cotton to France during the Civil War C) northern businesses making guns for the U.S. Army in the Civil War D) businesses selling to both British and American forces during the War of 1812

Answer 1

The correct answer is D. Businesses selling to both British and American forces during the War of 1812

Explanation:

The term "war profiteering" refers to the profits made by any organization or individual as a result of selling weapons and other products such as clothes or supplies to the countries or parties involved in a war. This means war profiteering is about using the war to make some profit and because of this the term is usually linked to negative connotations as the profits are considered unreasonable. This also means, war profiteering can occur in any war context and is connected to other factors such as manipulation of prices that occur as scarcity is exploited by individuals and organizations. Considering this, it can be concluded the best example of wartime profiteering is businesses selling to both British and American forces during the War of 1812, as war profiteering is about making a profit by selling products to different parties involved in the same war.

Answer 2

The answer is D) businesses selling to both British and American forces during the War of 1812.