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Question
- why was it difficult to build new businesses in the south?○ there were no raw goods available.○ there were not many banks to finance businesses.○ there was no demand for products.○ all of the raw goods were shipped to the north.
Historically, the post-Civil War South had an economy centered on cash crop agriculture for the North, so raw materials were largely exported north instead of being available for local businesses. Additionally, the region had a limited banking infrastructure to fund new enterprises, and there was less local demand for manufactured goods compared to the more industrialized North. All these factors combined made it hard to build new businesses.
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All of the raw goods were shipped to the North.
There was no demand for products.
There were not many banks to finance businesses.
There were no raw goods available.