Textile mills, factories, and industries were scattered across the North.
These industries made products from raw materials, called manufacturing. These manufactured goods would then be taken to markets for sale. The North liked tariffs, a tax on foreign goods, because these taxes would make imported goods more expensive, and people would buy Northern-made items. The use of tariffs protected the factory owners and workers from losing their jobs.
The South's economy was based on farming or agriculture. Large farms, called plantations, used slave labor to harvest abundant amounts of crops to sell. These were called cash crops and included such things as tobacco, cotton, and rice. The South disliked tariffs because most of their goods were bought from foreign countries and cost more because of the taxes.
The North and South made their money in very different...
Thailand during the 1930s and 1960s and compares its current day exchange policies. It has 9 sources in MLA format. The Thai economy, one of the fastest growing in the world through 1995, where trade is elevating and education is stabilizing. Despite of the measures taken up by the government of current Thai Prime Minister Chuan Leekpai to secure the economy and raise it, GDP suffered contractions of 1.8% and
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