Answer:
The South benefited by keeping slave labor. The North did not.
Explanation:
The South relied on old money and land and power handed down through generations. The main industry of landowners was extensive arable farming. This required a high volume of manual labor. However, paying labor and fair working condition and equal rights would have reduced the labor and reduced a land owner’s capacity to make a profit. Slaves provided labor. The North developed a free-labor industrial economy. This benefited from manufacturing but also benefited from the employees to be able to spend money and make money for themselves and aid economic growth for the entire country.
Answer:
Robert E. Lee the commander of what remained of the confederate states army surrendered to Ulysses S. Grant the week before
I dont know the answer to this question
The correct answer is:
Option A) Production begins to fall
Option D) Interest rates increase
Option E) Purchasing power falls.
Inflation is describes the rise in the prices of goods and services in an economy. While rising prices might seem like a bad thing, slight inflation is actually encourage by economic experts. An inflation of 1-2% is deemed resonable and sustainable.
However, if the inflation rate prices from more than 4% in a year, it means that people will have less purchasing power and would be able to buy less. This would impact production as well.
The opposite of inflation is deflation and is also considered harmful for the economcy.
