"The South Bets on Industry"
Magazine article
By: George M. MacNabb
Date: January 1957
Source: MacNabb, George M. "The South Bets on Industry." American Mercury 84, no. 396, January 1957, 14–19.
Introduction
After the Civil War (1861–1865), when many southerners wished to return to their predominantly rural way of life, others decided to promote industrial and commercial growth such as that in the North. Accordingly, there emerged after the Civil War the so-called New South movement, which stressed economic development while retaining some older facets of traditional southern society, in particular those involving racial issues.
The South has always been potentially attractive to outside investors. The region contains abundant raw materials, comparatively low labor costs, and business-friendly state and local governments, along with an absence of troublesome labor unions. Despite these...
[The entire page is 1481 words long]
1950's Business and the Economy Primary Sources
The 1950's: Primary Sources
