Economic Analysis Increases in the price of farm labor during the post-bellum period led to

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An increase in the price of farm labor during the post-bellum period would make labor more expensive for farmers. As a result, farmers would look for ways to maintain or increase production while minimizing costs. Investing in capital equipment, which can improve efficiency and productivity, becomes more attractive as it can reduce the reliance on expensive labor.

Economic Analysis Increases in the Price of Farm Labor During