C. The Iran Hostage Crisis
Coming and going from the forest were beef and pork and lard, buffalo robes and bear hides and deerskins, lumber and lime, tobacco and flour and corn. It was the cotton bales and hogsheads of sugar, stacked high on the levee, however, that really made the New Orleans economy hum.
Inflation and unemployment rose to their peaks by the end of the 1970s. This happened because the fiscal deficit was largely financed by the federal finances. Further, an energy crisis was being faced due to the increase in the price of crude oil. This led to overall inflation and economic instability.
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Answer:
The Cotton Gin caused a surge in slave populations in the south because the plantations needed more slaves to harvest cotton. The land turned into farmland for people looking to strike it rich. The economy of the south soared with the new inventions with cotton being the biggest export from the south.
