How did Reconstruction benefit landowners in the agricultural economy of the South?
An agricultural economy that relied mostly on slave labor.
Economies have several types of businesses, such as agricultural, manufacturing and service. Agricultural and manufacturing businesses are self-explanatory. Service business are ones that provided services like telephone, sales, medical and the like to the economy. A country's economy is called a service economy if its businesses are predominantly service oriented as opposed to agricultural or manufacturing oriented. The US has more businesses that provide services to the public than farming or manufacturing businesses, therefore it is a service economy.
The changes accompanying a shift from an agricultural economy to an industrial one.
In the early 1900's many farmers were overproducing which meant they were flooding the economy with their goods. Farmers were then slowly decreasing the price of their goods so that the government had to intervene with groups such as The Agricultural Adjustment Act, which paid farmers not to farm. Agriculture was, back then, a major part of the economy.
Economies can be completely controlled to entirely benefit the government, such as communism or dictatorships. Or the economy can be free will, like capitalism, which will prosper the people and businesses
How did Reconstruction benefit landowners in the agricultural economy of the South?
landowners grew more than cotton
Landowners grew more than cotton.
landowners grew more than cotton
The South had developed a more balanced economy after Reconstruction
How did the Reconstruction Finance Corporation (RFC) help jump-start the economy?
The arrival of Spanish changed the economy of the California Indians from a hunter-gatherer economy to an agricultural economy.An agricultural economy is based on growing more food than Is needed for survival
Agricultural economy or market
How did the Reconstruction Finance Corporation (RFC) help jump-start the economy?
How did the Reconstruction Finance Corporation (RFC) help jump-start the economy?
The south was much more relied on farming and agricultural business and didn't have very many factories.
the strong agricultural economy of the south overshadowed the developement of what?