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Paper AssignmentIf you had been put in charge of the South at the end of the Civil War, what practical policy couldyou have implemented that would have enabled faster economic growth in the South before1900?In One Kind of Freedom, Ransom and Sutch explain slow economic growth as the product offlaws in the economic structure adopted by the South after the War. Key flaws they identifiedwere the replacement of plantations by sharecropping and the replacement of banks in thefinancing of agriculture by country stores. You should develop a policy that would havemeaningfully reduced the harmful effects of one or both of these flaws.Keep the following in mind:1. Your policy can (but is not required to) redistribute wealth or physical assets. This meansseizing property from some and giving it to others. However, this can only be done once, atthe very end of the war. Once reconstruction ends, this becomes impossible.2. You cannot expect that the rest of the country would have been willing to spend largeamounts of their tax money on the South. Minor administrative costs could be coveredwithout problem, but if your plan requires large expenditures, you must find a source forthose expenditures in the South.3. Your policy may (but is not required to) include new laws prohibiting certain behavior. Lawshave to prohibit specific actions, not motivations, beliefs, or attitudes. A violation must beobjectively verifiable. To be practical, a law must be enforceable. This means that there mustbe a reasonable expectation that a violation will be detected and punished.4. Your policy may (but is not required to) include features encouraging certain actions throughmonetary incentives. This would require an identified source of funding. The actions must beobjectively verifiable, but identification would not be a problem. Those responsible forrewarded actions can be expected to self-identify.5. Your policy can (but is not be required to) create new infrastructure. Debt (borrowing) can beused to finance the infrastructureâs construction, but a source of new revenue will have beidentified to repay the debt over time.6. Your policy should not require your continued participation.7. Your policy is likely to have opposition, but you can assume it would not result in armedinsurrection.Your assignment is to identify and defend a policy whose objective is just faster economicgrowth. The policy might have other positive effects, such as correcting injustice, but that is notpart of this assignment. A good paper will explain at least one mechanism by which the flawedstructures inhibited growth and explain how the proposed policy would have altered thatmechanism. Evidence in support of your position may be found in sources other than One Kindof Freedom.
