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Compare and Contrast the Economic Development of the Northeast with That

question 20

Essay

Compare and contrast the economic development of the Northeast with that of the South. What were some of the reasons that caused those differences in development?


Definitions:

U.S. Dollars

The official currency of the United States, widely used as a standard of exchange in international markets.

Depreciate

A decrease in the value of an asset over time.

Standard Of Living

A level of wealth, comfort, material goods, and necessities available to a certain socioeconomic class or a geographic area.

Gold Standard

An economic system in which the value of a country’s paper currency is directly connected to gold.

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