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grigory [225]
3 years ago
8

What happened to the south's economy during the civil war

History
2 answers:
kaheart [24]3 years ago
8 0

the answer is this: it deteriorated.

Eva8 [605]3 years ago
7 0
The South's economy was completely devastated by the Civil War, since their economy had been almost entirely agricultural--meaning that they needed to implement entirely new economic programs after the North's victory.
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  • Hoover and Roosevelt were presidents during the most significant economic crisis in American history. First, Hoover was elected president, facing eight of the most substantial financial problems in US history eight months after his inauguration. Hoover was struggling to cope with the economic woes that the crisis had brought with him. He has steadfastly refused to reach out to the Federal Reserve to help the troubled economy. His efforts to solve the problem of the economic crisis have proved unsuccessful. Thus, he intended to reduce corporate taxes to stimulate the economy and free it from government influence, which caused even more damage. Eventually, hundreds of thousands of people were impoverished and impoverished in the streets.
  • Roosevelt, on the other hand, has come up with more concrete solutions to cope with the economic crisis. The New Deal Economic Reform Package has provided some - such solutions - to the troubled economy. The package thus implied an impetus for public works that entailed work on the state's infrastructure. With that, he employed tens of thousands of Americans. He ordered Congress to set up a commission to oversee the banking sector and, as part of the same reform, provide savings to Americans who feared they would be left out in the event of a bank collapse. The Indian Reorganization Act stopped the sale of Native American land and returned the Indians to their property.
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