Why did it “take money to make money” during the period of rapid economic expansion after the Civil War? What are the implicati

Question

kolezko [41]

3 years ago

6

Why did it “take money to make money” during the period of rapid economic expansion after the Civil War? What are the implicati

ons of this for the potential for social mobility? Zinn

History

1 answer:

topjm [15] · Answer 1 · 2022-04-21T19:55:59+03:00

topjm [15]3 years ago

6 0

At that time the resources and especially money is scarce since the economy is just starting to recover again after the war. The businessmen needs cash or capital to simply buy and sell goods or to start a business.
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