Question

In: Economics

Which of the following were market economies by the time of the civil war? a) north...

Which of the following were market economies by the time of the civil war?

a) north

b) south

c) neither

d) both

Solutions

Expert Solution

Ans. d) Both

Both, North and South were market economies by the time of the civil war.

Because Industrial revolution begins in north and south before prewar years. Generally north of the Mason-Dixon line is exclusively region of Industrial revoution while south of Mason-Dixon line is had Industrial Revolution but limited.

But Industrial Revolution shows that both north and south were market economies by the time of the civil war.

Rahul Sunny answered 2 years ago
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