Financial Panics and Economic Policies
-LAISSEZ-FAIRE POLOCIES, NEW SOUTH
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Business, 21.02.2020 01:58 reganleigh00
Financial Panics and Economic Policies
-LAISSEZ-FAIRE POLOCIES, NEW SOUTH
Period 6: 1865-1898
Key Concept 6.1: Technological advances, large-scale production methods, and the opening of new markets encouraged the rise of industrial capitalism in the United States.
II. A variety of perspectives on the economy and labor developed during a time of financial panics and downturns.
a)Some argued that laissez-faire policies and competition promoted economic growth in the long run, and they opposed government intervention during economic downturns.
d)Despite the industrialization of some segments of the Southern economy — a change promoted by Southern leaders
who called for a "New South" — agriculture based on sharecropping and tenant farming continued to be the primary economic activity in the South.
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