In order to fuel the mainly Agrarian Economy the South had, The cultivation and exportation of Cash crops was utilized to fuel the economic base, Notably It's staple crop was Cotton. Due to this Agrarian type Economy, The South needed a large and cost effective Labor force. That didn't need to be necessarily paid as to reduce the cost of such a labor force, Which came in the form of Black slaves from West Africa and later their decedents. The South couldn't support a proper Industrial base due to the Terrain and Environment, As it was far better to use the available land for something that would garner a greater profit, Like Cash Crops. Also at the time the World was in High demand for Cotton as around 1815-1860, The only other places that Cotton was produced in such mass quantities was Egypt and India, Yet even then those two could not compete with the Souths superior means of harvesting and processing it via the invention of the Cotton Gin. So with the demand of Cotton being so high the southern Economy could greatly benefit and profit off of the exports of the crop and control the prices as it saw fit due to that very demand, Thus their was no true need to have a Large Industrial base like the North. As to the south the amount of money they got from Cotton Exports would always be greater than what they could get from Manufactured goods.
Answer:
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Items that are used as money often have little value in and of themselves. For example, the paper used to print money is not particularly valuable. Money has value because it is an exchange medium that people understand and accept as such. When everyone accepts that a bill or a coin has value, people can use it as a form of payment to purchase goods or services. Before money existed, people used other systems to perform exchanges.
Bartering involves a direct trade for goods and services. Although some aspects of this transaction are similar to the exchange of money, bartering required time as people hammered out the terms of the deal. Utilizing money as the medium for trade simplified transactions significantly. Trade and barter were precursors to the monetary system used in today's society. Although trade and barter may seem almost archaic, they were the business solutions for people who lived before the convenience of credit card processing.
Explanation:
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The decision that Connor has to make between the two schools is what is called trade-off.
<h3>What is a trade off?</h3>
This can be defined in economics to mean the opportunity cost of losing the most prefer choice out of a group of alternatives.
From the question, Connor is a sports person and each of the options that he has on the schools are attractive.
Read more on trade-off here:
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Answer:
Americans criticized the sedition act because it prohibited any public opposition to the government. It permitted the government to have control over the actions of individuals. So if you were to write against the government in a way that they did not like you could face harsh fines or even imprisonment. This goes against the first amendment and many Americans criticized the law severely. It didn't help the law that the first protests against the British were malicious writing that they are now forbidding just like the British did before the war for independence.
