The Examples are:
- Economic Change-Southerners had to find another alternative to slave laborers.
- Social Changes- Black codes enacted.
- Political change- laws and Constitutional amendments that gave power to federal government to carry out the principle of equal rights, voting rights to slaves.
<h3>What is the effect of the Economic Change in the Reconstruction era?</h3>
The type of change that had the most impact on Southern life is said to be the political change as the Civil War altered the political system of the South.
Social change faced faced the most challenges and Southerners were against this type of change because it brought an end to their slave labor.
The abolishment of Slavery brought about payment of wages to get workers and this lead to a decrease in terms of profit.
A Social Changes in this era also was Racial segregation served as a replacement for replaced slavery in the South and also Black codes enacted as well as “Jim Crow”.
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The total amount of a product available in a market at a given price is called the supply.
There are a lot of factors that affect supply such as the price of the product, price of similar goods in the market, price of inputs, and the number of suppliers.
The tuskegee airmen were the first African American soldiers to complete their courses and successfully join into the air force, also known as the Army Air Force.
The plantations and farms of Virginia and the Southern colonies were the foundation of the economy of the New World. The colonies grew crops for export. As plantations grew the settlers needed more labor to work them. This was supplied by slaves from Africa.
First <span>the capitalist world was in the great economic depression.
Second "</span><span>decline” took place in the 1970s and 80s during which the international competitiveness of U.S. commodities and capital decreased drastically.
Third </span><span>“decline” occurred during the recent financial crisis.
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Reasons Why
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* </span><span>first two “declines”, the United States entered a new stage of economic growth through reform and innovation. There are still lots of uncertainties whether the U.S. economy would be able to recover this time, but it seems certain that one, the United States has fallen from the peak of economic hegemony and it is unable to change the trend of plural development of the world economy in the 21st century even if its economy could resurge, and two, the U.S. economy remains strong and will witness a fairly long period of development in the wake of fresh scientific and technological revolution.
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