USA HISTORY

Detailed explanation-1: -There was great wealth in the South, but it was primarily tied up in the slave economy. In 1860, the economic value of slaves in the United States exceeded the invested value of all of the nation’s railroads, factories, and banks combined. On the eve of the Civil War, cotton prices were at an all-time high.

Detailed explanation-2: -Agricultural Economics-also called Agribusiness-prepares you for just such a future. Agricultural Economics majors put economic theory into practice. They develop management and financial strategies for the food and farming industries.

Detailed explanation-3: -Agriculture provides industrial raw material to a large number of industries (textile, silk, oil, sugar, rice, flour mills etc.) As a supplier of raw material, agricultural sector is of primary significance for the growth of industrial sector in the economy.

Detailed explanation-4: -Answer. The Indian Economy is called an agro-economy because the agriculture sector is one of the major contributors to the country’s total GDP. Also, the sector provides jobs to more than half of the country’s population.