The price of cottonsky-rocketed during the Civil War because of Union naval blockades of Confederate ports. This was a primary reason the South experienced 1,700% inflation from 1861 to 1865(four years).Specifically, what cost 2 cent in 1861 cost $36 in 1865. What was the equivalent annual inflation rate that the South was forced toendure?

The equivalent annual inflation rate was ? (Round to the nearest wholenumber.)

The price of cotton sky-rocketed during the Civil War because of Union naval blockades of Confederate ports. This was a primary reason the South experienced 1,700% inflation from 1861 to 1865 (four years). Specifically, what cost 2 cent in 1861 cost $36 in 1865. What was the equivalent annual inflation rate that the South was forced to endure? The equivalent annual inflation rate was | %. (Round to the nearest whole number.)