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Revenue began to dry up, the Confederate government was forced to print blue-backed paper money with complete abandon. "Runaway inflation" occurred as Southern presses continued to grind out the poorly backed treasury notes, totaling in all more than $1 billion. The Confederate paper dollar finally sank to the point where it was worth only 1.6 cents when Lee surrendered. Overall, the war inflicted a 9,000 percent inflation rate on the Confederacy, contrasted with 80% for the Union.
American Pagent 13 pg449
One reason is because agriculture was the driving force of the South's economy and not much else. Therefore the South had to rely on importing the goods that they needed. However, the Union imposed a naval blockade that prevented any importing or exporting to Europe. Also unlike the North, the South lacked factories to make the necessary things needed for war.
The Union blockade was effective, however, importing and exporting did occur. No blockade can block everything, especially in the 1860's when radar and other devices could spot enemy ships.
The Southern economy collapsed. Its money was worthless. The blockade closed off trade. Sherman's March destroyed what little industry there was, and the transportation system to get food, clothing, and ammunition to the army. His army ate or destroyed the crops that the mothers, wives, and sisters of the soldiers had planted. By the end, a Barter Economy was all that was left, for what little was left to trade.
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What statements correctly explains economic conditions in the South during the Civil War?
The statement that correctly explains economic conditions in the South during the Civil War was that they were very poor and relied heavily on agriculture. This greatly contrasted the North which was more industry oriented.
Wartime economic problems for the north and south?
Although the north had an economic advantage over the south due to the industries the north faced an economic problems because they did not have a home front advantage such as the south. Furthermore the south lacked two economic advantages. One was the central goverment which would not let them tax the states. And inflation occurred causing more problems including the unity of the states. -11th grader from APUSH
How was the south brought to economy ruin during the civil war?
The south was not allowed to import or export any goods during this blockade which lasted most of the Civil War.
How has extreme weather in South Asia created economic and political problems?
It create illman
What economic factors in the South aided the Union victory in the US Civil War?
Prior to the US Civil War, the South already was at a disadvantage regarding its economic base as compared to the economic base of the more powerful Union industrial and agricultural elements. With that said, it was during the war that several key elements caused problems for the Confederacy. One was its production of too much cotton instead of food products that could be used by the Southern armies. Also, the decline in its railway system combined with the Union blockades were also factors to be considered. The other sometimes overlooked problem was the high inflation rates in the Confederate dollar.
What was one reason the South faced server economic problems during the Civil War?
The Union naval blockade prevented them from exporting their plentiful cotton.
Did the south had all the economic advantages during the civil war?
Most advantages, economic and otherwise, favored the North
What statements correctly explains economic conditions in the South during the Civil War?
The statement that correctly explains economic conditions in the South during the Civil War was that they were very poor and relied heavily on agriculture. This greatly contrasted the North which was more industry oriented.
What was on reason the south faced severe economic problems during the civil war?
The Federal blockade prevented them from carrying out trade, particularly in cotton, overseas. Cotton was the South's main source of income, so to lose that was an incredible blow to the economy.
What was the economy in the South based during and after the Civil War in the California?
California was not considered part of the South. In the South Cotton controled the economy. In California gold was the chief economic element.
What statement correctly explains economic conditions in the south during the war?
The statement that correctly explains economic conditions in the South during the Civil War was that they were very poor and relied heavily on agriculture. This greatly contrasted the North which was more industry oriented.
During the US Civil War how was the Union saved?
The Union had an extreme chance of loosing the Civil War, but during the battle of Gettysburg, which was fought in the North (so the Union new the territory better then the confederates), Robert E Lee surrendered and the war was officially over. Seeing that the majority of the battles were in the south, the north was left seemingly untouched, while the South suffered economic problems.
How did white landownersin the south reassert their economic power in the decade following the civil war?
How did white landowners in the south reassert their economic power in the decade following the civil war?
Which of the following statements accurately characterizes the problems faced by the South during the Civil War?
Although no example statements are given, there are a large number of problems that faced the South during the US Civil War, and they are well known Here are two major problems. Firstly the South's army was quite limited in potential size because of its low population. Secondly, the South lacked the manufacturing base and rail system to create products and transport them. The South also lacked a good navy.
What were the problems faced after the civil war?
Reconstructing the south
What was king of the south during civil war times?
Cotton was often called the King of the South during the Civil War.
What were some primarily social problems during reconstruction?
During Reconstruction, some primarily social problems included racial violence and discrimination, lack of educational opportunities for freed slaves, economic instability, and challenges in integrating newly freed African Americans into society. Additionally, there were tensions between the North and South as they grappled with rebuilding relationships and society after the Civil War.
