No. of Recommendations: 1
The northern states invested large amounts in infrastructure and education, the southern states didn't. Unfortunately, the ideology that the rural life/slavery society had spawned and that rejects government infrastructure and education investments persisted through the civil war and right up to the present day, and so the vast majority of the south never caught up.

Well now they actually didn't reject it. Those who remained along with the powers at be up North and others such as the Lehman Bros. who moved up there, were behind builing infrastructure that got the raw resources to their markets, but not the local communities markets.

German cowboys from feudal families in Europe, not German immigrants to here, in the west had to hire Texans because they didn't know diddly about what they were doing, but it kept the little spoiled rich boys busy.
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.