WESTWARD EXPANSION INDUSTRIALIZATION URBANIZATION 1870 1900
AMERICAN INDUSTRY DEVELOPMENT IN THE GILDED AGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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It caused prices to drop and pushed farmers further into debt.
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It led to higher prices as more cotton was sold to European nations.
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It created wealth for farmers as demand for cotton increased.
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It reduced support for the goals of the Populist Party.
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Detailed explanation-1: -How did the overproduction and surplus of cotton affect South Carolina’s economy at the turn of the century? It forced people to stop farming cotton and switch to farming rice.
Detailed explanation-2: -When the production costs of crops exceed the selling prices, then the farmers suffer. They lose their money rather than profit. It is very hard for them to gain the benefits of excess production. They become disappointed about future production.
Detailed explanation-3: -Farmers grew more crops than the country could use. This led to lower prices for farm products, which hurt farm families.
Detailed explanation-4: -Growing more cotton meant an increased demand for slaves. Slaves in the Upper South became incredibly more valuable as commodities because of this demand for them in the Deep South. They were sold off in droves. This created a Second Middle Passage, the second largest forced migration in America’s history.