FRQ Unit 4 #1 1-11

FRQ Unit 4#1 1-11 - Trevor Grabhorn Period 2 FRQ Unit 4:1 The economic consequence of the Civil War is that war was quite expensive It greatly

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Trevor Grabhorn 2-1-11 Period 2 FRQ Unit 4:1 The economic consequence of the Civil War is that war was quite expensive. It greatly impacts the economy because it was expensive to pay for soldiers, guns, food, medical supplies, transportation, etc. for armies. So after war, governments generally have great amounts of debt, which has great impact on the economy. The economic consequences of the Civil War with respect to the following in the U.S. between 1865 and 1890: Agriculture, Labor, Industrialization, and Transportation. Agriculture in the south before the civil war was doing well in the thriving cotton industry. During the course of the war the south tried to increase the price of cotton so that they could increase profit to use for the war. Instead a reverse effect occurred when England stopped buying from the south and this cause unmanageable chaos in this industry. After the war the cotton industry began struggling to just sell their yearly quota and therefore many bushels of cotton were rotting away. The war completely threw the south in an economic downturn in the agriculture industry. In the north the agriculture did suffer a little bit but in no way compared to the suffering of the south after this war. The north was thriving after the huge victory of the civil war so that carried over into how they lived there lives and they mainly produced wheat and that industry didn’t really take
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This note was uploaded on 07/29/2011 for the course ECON 101 taught by Professor Smith during the Spring '10 term at Baltimore City.

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FRQ Unit 4#1 1-11 - Trevor Grabhorn Period 2 FRQ Unit 4:1 The economic consequence of the Civil War is that war was quite expensive It greatly

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