A centrally planned economy opposes individual choice in comparison to a market economy.
In a centrally planned economy, a government entity decides how resources within a society will be distributed. For example, in a perfect centrally planned society, all families with 4 members in the household would receive the exact same products.
However, in a market economy, individuals make decisions for themselves regarding what resources they want/need to purchase. This market economy is based more on the capital (money) that individuals possess.
The correct matches are the following.
North.
-Led Reconstruction after the Civil War had ended.
-Developed the transcontinental railroad to boost Industrial growth.
South.
-Suffered huge losses in terms of property, railroads, and manpower.
-Faced economic failures that made its money and banks.
The Civil War started in April 1861 and ended in April 1865.
Abraham Lincoln won the elections and became President of the United States. The Southern states knew that this would be its worst nightmare. They did not support abolition because their economies depended too much on slavery. The states that seceded were South Carolina, Alabama, Mississippi, Florida, Louisiana, Georgia, and Texas. They formed the Confederate States and the War began.
After the war, the northern states became very industrialized, meanwhile in the South, Lincoln first, and then President Jackson initiated the Reconstruction period to try to help the South that resulted in much damage and losses.
"b. Hospitality was extremely important." "d. They believed everyday events were products of divine intervention." and "<span>e. They believed that honesty and virtue always triumphed." are all true since the Greek gods were flawed. </span>
