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Earlier than the Civil War, the South graded with the North and with England. It sold cotton and bought manufactured goods and food. Throughout the war, one of Lincoln's first actions was to blockade the ports, which not permitted this trade. The South had to enhance its production of munitions and food.
1. In what did the South have a comparative benefit?
2. Did the Civil War change any opportunity costs in the South? Did the opportunity cost of everything increase? Or did items cost less?
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Why and how the State should intervene through government apparatusin the economic sphere of the country, has been a significant discourse in economicsfor long. According to one th
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