Explain how foreign countries and entrepreneurs assisted the South's ailing economy.

Answers

Foreign countries and entrepreneurs assisted the South's ailing economy by providing capital, goods, services, and expertise needed to revive the economy and rebuild infrastructure. Foreign investment provided resources to rehabilitate agricultural production and build new factories, as well as funds to finance trade and transportation networks, both of which helped to revive economic growth and productivity. Entrepreneurs provided innovative business plans and services, including those in finance, technology, communications, and energy, which allowed businesses to modernize and continue to provide jobs. Furthermore, foreign countries provided technical assistance, including help to launch new industries, and provided infrastructure financing to build new roads and ports. All of these activities helped to promote business expansion, revitalize the workforce, and create new products and services in the South, thus helping to lay the groundwork for a long-term economic resurgence.

Answered by rachellewis

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