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The Civil War ruined the Southern economy because most of the battles were fought in Southern states. Farmlands had been destroyed and the few factories they had were either badly damaged or also in ruins due to the battles. The Southern economy of 1860 has been measured by historians and economists. Using 1860 as a base, it was not until 1900 that the Southern economy had even reached 75% of its 1860 output. Another reason for the lack of a rebound in the Southern economy was the loss of Southern soldiers. Both sides in the war lost about the same amount of soldiers, however, the losses in the South had a greater impact because the overall Southern population, minus the slave population, was about nine million. The North had about 23 million. With that said, a large part of the available working men in the post war period was simply not there.
The Northern and Southern economies differed during the 18th and 19th centuries. For the most part, the Southern states were most agrarian and relied on slave labor. The Northern states were more industrialized and relied on individual labor. Additionally the North grew wheat and barley.
The North Korean economy is based on the sale of manufactured goods to the country of China. The North Korean economy also functions on the consumption of its own people.
The leading differences between the North and the South leading towards the US Civil War was their respective economies. The North was rapidly expanding manufacturing while the South was primarily an agricultural economy. Also, the Southern economy was driven by slaves. For the most part the North had few slaves at all.
by eating them.
the northern economy ended slavery.the southern economy continued slavery
It spurred the economy, because immigrants were willing to work for little wages. It also spurred the economy because now there were more consumers to buy the goods.
The economy of the North in the United States before the Civil War was dominated by manufacturing, trade, and industry. The region benefited from advancements in technology, transportation infrastructure, and a growing urban population. The North had a more diversified economy compared to the agrarian-based economy of the South.
north lil bru
the north & south found plenty of ways to raise money.
It would increase the rate of everything they bought
The South's economy suffered much more than the North's. This was because Southern crops were burned, such as in Sherman's March to the Sea, and the South was heavily reliant on agriculture.
The major states in the Southern US (determined by population, economy, etc.) are Texas, Florida, Georgia, North Carolina, and Virginia.
The South's economy was based on Farming. They used African American Slaves to do the work. There were few factories, unlike the North who had an industrial economy.
Colonial North Carolinaâ??s economy was centered on tobacco. This is typical of economies in the southern colonies, whose fertile lands were much more conducive to cash crops than were the those in the northern colonies.
North Korea has a command economy.