The manufacturing-based northern economy and the agricultural-based southern economy both depended on cotton output. Southerners' demand for unpaid laborers to harvest their prized cotton fueled their need for slavery.
Thank you,
Eddie
Answer: Balance of the tax system and public spending and progress in the field of science and technology.
Explanation:
The period after the Second World War meant an extremely difficult economic situation in the world, except in the United States. That is primarily the result of the suffering caused by the Second World War. According to many historians, the United States has never had such a stable economy before in history. Enormous credit certainly belongs to President Eisenhower's administration, which led to a perfect balance in the tax system and public spending in the country.
The economy has benefited tremendously from the growth of consumption at all levels, and the whole story includes a large number. The country's economic rate increased by an incredible 37%, and the purchasing power of the average American family before the end of the 1950s was higher by 30%. It is very important to note that it was the period of the Cold War that led to advances in technology and science. In such circumstances, the quality of life in the country will inevitably improve.
When people have more money and eagerly spend it, this increases demand, whereas demand-pull leads to inflation.
<h3>What is demand-pull inflation?</h3>
Demand-pull inflation is a monetary phenomenon where demand exceeds supply and increases prices.
- When the prices of raw materials/labor increase, it leads to an increase in the costs of production and results in higher prices for the consumers.
In conclusion, when people have more money and eagerly spend it, this increases demand, whereas demand-pull leads to inflation.
Learn more about demand-pull inflation here:
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1 a 2 a 3 c 4 b but im not sure
In the War of 1812, the United States took on the greatest naval power in the world, Great Britain, in a conflict that would have an immense impact on the young country’s future. Causes of the war included British attempts to restrict U.S. trade, the Royal Navy’s impressment of American seamen and America’s desire to expand its territory.
