The Economy of the "New South" Was Colonial in That

The economy of the "New South" was colonial in that

A) it had not changed since the colonial period of the seventeenth and eighteenth centuries.
B) it depended on raw materials imported from Caribbean colonies.
C) many major industries were financed and controlled by northern businessmen.
D) southern leaders invested more capital in agriculture than in manufacturing.
E) European investors controlled much of the land and the industry.