Question
H6e - Sharecropping and Tenant Farming
What BEST characterizes the relationship between supply and demand for cotton after the Civil War?
a. Supply was high but demand did not keep pace which resulted in low prices.
b. Demand was high and supply low so prices were very high for cotton.
What BEST characterizes the relationship between supply and demand for cotton after the Civil War?
a. Supply was high but demand did not keep pace which resulted in low prices.
b. Demand was high and supply low so prices were very high for cotton.
Answers
GPT-4o mini
The best characterization of the relationship between supply and demand for cotton after the Civil War is:
**a. Supply was high but demand did not keep pace which resulted in low prices.**
After the Civil War, cotton production increased significantly due to sharecropping and tenant farming, leading to an oversupply in the market. However, demand did not keep pace with this increased supply, resulting in a decrease in cotton prices.
**a. Supply was high but demand did not keep pace which resulted in low prices.**
After the Civil War, cotton production increased significantly due to sharecropping and tenant farming, leading to an oversupply in the market. However, demand did not keep pace with this increased supply, resulting in a decrease in cotton prices.