Economically, the Civil War led to

A) a decline in prosperity for the North and South alike.
B) the emergence of a nation-state committed to national economic development.
C) a tariff reduction to attract foreign goods to make up for the decline in domestic production.
D) the creation of the Third Bank of the United States, despite opposition from old Jacksonian Democrats.
E) the building of a transcontinental railroad, completely through private financing.

Nation-State

A sovereign state whose citizens or subjects are relatively homogeneous in factors like language or common descent.

Economic Development

The process by which a nation improves the economic, political, and social well-being of its people, often measured by increases in per capita income, reduction of poverty, and improvement of quality of life.

Tariff Reduction

The process of lowering taxes imposed on imported goods, typically to encourage trade between countries.