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Unformatted text preview: invented to do the job- which helps to further the launch of the cotton industry)-Cotton industry is pulled Westward eventually states like AZ & CA start to grow cotton.-The South relies heavily on river transportation. -Yeoman farmers: focus more on food production and less on products that required less transportation, as transportation was expensive. Because much of the Yeoman’s profit was used to support the family, it was important they maximize profit; making their own clothing- domestic manufacture. *See “Georgia: Yeoman farms vs. Plantations*-Total factor productivity: output/ inputs (labor, capital, land) *Plantation Efficiency Hypothesis*...
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This note was uploaded on 03/19/2008 for the course ECON 330 taught by Professor Geraghty during the Spring '08 term at UNC.
- Spring '08