Rich landowners thought that the plantation economy will always be a source of wealth.
More train lines crisscrossing the nation allowed the North and South to benefit from each other's output. Further diversifying the southern economy was the introduction of refrigerated rail carriages, which made it possible for other southern produce to reach northern markets.
There are several variables, including population size, per capita income, institutional development, and the availability of financial, physical, and human capital, as shown by the extensive research on economic diversification.
Economic discrimination is prejudice motivated by economic considerations. Job availability, pay, the cost and/or accessibility of goods and services, and the amount of capital investment finance available to minorities for businesses are some examples of these variables.
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