The correct answer is C. There were not many banks to finance businesses.
In 1860 the South was still predominantly agricultural, highly dependent upon the sale of staples to a world market. By 1815, cotton was the most valuable export in the United States, by 1840 it was worth more than all other exports combined. But while the southern states produced 2/3 of the world’s supply of cotton, the South had little manufacturing capability, about 20% of the railroad tracks, but only 13% of the nation’s banks.
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Americans noticed that after the end of the Second World War, the geopolitical landscape of the world would change in favor of the United States, as it no longer had a threat in Europe nor had a threat in the Pacific Ocean, as the Empire of Japan was defeated during the war. This favorable scenario let the United States grow in economic and military power. Two processes that were perceived by the average American citizen, as job opportunities grew due to the development of the industry, leading to improving his or her living conditions.
Answer:
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Explanation:
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