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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Financial Panics and Economic Policies

-LAISSEZ-FAIRE POLOCIES, NEW SOUTH

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