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Two reason why industry failed the south?
The industrial sector often failed the South due to a lack of investment in infrastructure and education, which hindered economic development. Additionally, the reliance on low-wage labor and traditional agriculture limited diversification and innovation, preventing the region from fully participating in the broader industrial economy. This contributed to persistent economic disparities and a slower recovery from historical challenges compared to other regions.
What effect did the system of sharecropping have on the south after civilwar?
After the Civil War, sharecropping emerged as a dominant agricultural system in the South, primarily affecting the economic landscape and social structure. It bound many poor African American and white farmers in a cycle of debt and dependency, as they often had to borrow money for seeds and tools, leading to exploitative relationships with landowners. This system perpetuated poverty and limited economic mobility, effectively maintaining a form of agricultural servitude and social hierarchy that resembled pre-war conditions. Consequently, sharecropping contributed to the long-term economic challenges faced by the South, hindering its recovery and development.
What was the economic impact of the war on the north and on the south?
The Civil War had a profound economic impact on both the North and the South. The North experienced industrial growth, increased manufacturing, and infrastructure development, leading to a stronger economy post-war. In contrast, the South faced devastating destruction of its agricultural base, significant loss of labor due to the emancipation of enslaved people, and long-term economic challenges, which hindered its recovery for decades. Additionally, the South's reliance on cotton and a lack of industrial diversification left it vulnerable and economically weakened.
What did the Strong agricultural economy of the south overshadowed the development of?
The strong agricultural economy of the South, particularly its reliance on cotton and slave labor, overshadowed the development of diverse industries and urban centers. This economic focus stunted technological advancement and limited investment in infrastructure, education, and alternative economic sectors. Consequently, the South remained largely rural and agrarian, hindering its overall economic diversification compared to the more industrialized North.
The American Recovery and Reinvestment Act of 2009 was passed in response to?
An economic crisis
What limited the economic recovery of the south?
Southern banks struggled to support industrial development.
What was a factor that limited the economic recovery of the south after the civil war?
southern banks struggled to support industrial development
What was the factor that limited the economic recovery of the south after the civil war?
southern banks struggled to support industrial development
What is the factor that limited the economic of the south after the civil war?
After the Civil War, the economics of the South were primarily limited by the destruction of infrastructure and the loss of labor due to the abolition of slavery. The plantation system, which relied heavily on enslaved labor, was dismantled, leading to a significant decline in agricultural productivity. Additionally, the lack of access to capital and investment hindered industrial development, while social and political instability further stifled economic recovery. These factors collectively contributed to the South's prolonged economic struggles during the Reconstruction era and beyond.
Where can I find a definition of 'economic recovery'?
One can find the definition of economic recovery at Wikipedia. Economic recovery is a period of increasing business activity that signals the end of a recession. Therefore economic recovery is when economic growth turns from negative to positive.
The Truman doctrine resulted in what?
the economic recovery of Europe.
When was the Economic Recovery Tax passed?
The Economic Recovery Tax was passed in 1981
What was the perception of the north reintegration vs the south economic recovery reevaluation of reconstruction after the civil war?
yo my crackalacka
What did the economic recovery act of 1981 do?
Which of the following resulted from the Economic Recovery Act of 1981
What factors limited southern economic recovery?
Public education was limited. South spent less than any other part of the country on education and it lacked the techical & engineering schools that could've trained the people needed by industry. Low wages coming to the South, and the lure of higher wages or better conditions elsewhere siphoned off southern workers. - word for word from in my textbook.
What is coming out of economic recession called?
recovery recovery
What is economic recovery?
recovery is the end of recession or decline.
