How did economic development in Brazil during and after the American Civil War affect the lives of southern cotton farmers?

Question

Quizplus · Accepted Answer

The expansion of cotton cultivation in Brazil led to oversupply and a drop in cotton prices on the global market. This affected southern cotton farmers who had relied heavily on the crop for economic survival. Many farmers went into debt and eventually lost their land as a result. The Brazilian demand for American cotton did create new opportunities, but it was not enough to counteract the negative effects of oversupply and lowered prices. Option A is incorrect because it overlooks the negative effects of oversupply and lowered prices. Option B is incorrect because there is no evidence of mass migration from South America to replace former slaves. Option D is incorrect because there was no expansion of slavery in Brazil after American emancipation.

How Did Economic Development in Brazil During and After the American