How have banking and finance affected the economy of North Carolina

Explanation:

North Carolina has a rich history in the financial industry, The development of the state’s banking capital can be outlined to several advantages, some of which were structural and some of which were the results of the actions of individual firms.

The banking and finance business remains an important segment of North Carolina's economy, showing a steady increase in the number of corporations, employment, and earnings figures from 1992 to 2002.

The banking and finance industry remains a significant component of North Carolina's economy, posting consistent growth in the number of establishments, employment and wage figures from 1992 to 2002 and then from 2002 to 2012.

A number of businesses closed.

Bank runs resulted in bank closures.

Many workers lost their jobs.

a system in which products were made rapidly by machines

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