They had to reinvent their economy because General Shermans tactic of total war. when he did total war, he marched from the north all the way to Atlanta, Georgia and destroyed anything that couldn't be used as food or supplies. so they had to reinvent their economy because the south was totally destroyed
1. Command economy- The idea behind this type of economy makes it so that the government can ensure that everyone has equal access to resources. The goal is to provide everyone with enough resources to live and thrive.
2. Mixed economy- A mixed economy is a combination of a command economy (in which the government decides how many products will be made) and a market economy (one in which the consumer dictates how many products will be made).
3. Mixed economy- In almost every country, there are elements of both a market economy and command economy. Having a "perfect" market economy or a "perfect" command economy is not really possible, as we do not live in a perfect world. The best ideas from each system need to be used in order to have a practical and rational economy.
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The answer is money will decrease, meaning that banks will give fewer loans and prices for goods and services will fall.
This is because h<span>igher interest rates means that it is more expensive to borrow money and therefore fewer people and businesses will request loans. This tends to put downward pressure on demand for goods and services which in turn tends to put a downward pressure on prices.
I hope this helps!!!!!!!!!</span>
The Morrill Land-Grant Act of 1862 donated public lands for colleges and provided citizens greater access to higher education.
