Which of the following reasons explains how the plantation system was detrimental to the economic development of the South?
A) Plantations generated a large number of spin-off enterprises that failed due to increased competition and few customers.
B) Elite plantation owners invested more of their money in Europe and the northern colonies than they did in their own local economy.
C) The merging of plantations into huge multi-owner projects put many of the less successful plantations out of business, which led to increased poverty and unemployment.
D) The British government took most of the profits from plantation owners, leaving little for local investment and development.
Correct Answer:
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